Mr. Cooper Group (NASDAQ:COOP) Upgraded to “Strong-Buy” at Citizens Jmp

Mr. Cooper Group (NASDAQ:COOPGet Free Report) was upgraded by stock analysts at Citizens Jmp to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

COOP has been the topic of several other reports. JMP Securities assumed coverage on Mr. Cooper Group in a research report on Tuesday. They set an “outperform” rating and a $115.00 price objective on the stock. Wedbush restated an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Compass Point increased their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Barclays boosted their target price on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mr. Cooper Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.38.

Check Out Our Latest Report on COOP

Mr. Cooper Group Stock Up 4.7 %

Shares of COOP stock opened at $96.54 on Tuesday. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 12.47 and a beta of 1.43. The stock has a fifty day moving average of $96.33 and a 200 day moving average of $91.88. Mr. Cooper Group has a 52 week low of $61.38 and a 52 week high of $103.05.

Mr. Cooper Group (NASDAQ:COOPGet Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.54 by $0.30. The business had revenue of $616.00 million during the quarter, compared to analyst estimates of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.79 EPS. Equities research analysts anticipate that Mr. Cooper Group will post 10.16 earnings per share for the current year.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the sale, the chief executive officer now directly owns 758,821 shares of the company’s stock, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 90,000 shares of company stock valued at $8,414,400 in the last quarter. 2.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in COOP. ORG Partners LLC bought a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $51,000. Range Financial Group LLC purchased a new stake in Mr. Cooper Group during the 4th quarter valued at $1,091,000. Oliver Luxxe Assets LLC increased its holdings in shares of Mr. Cooper Group by 5.8% in the 4th quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company’s stock worth $3,988,000 after purchasing an additional 2,259 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Mr. Cooper Group in the 3rd quarter worth $2,459,000. Finally, World Investment Advisors LLC purchased a new position in shares of Mr. Cooper Group in the third quarter worth $2,537,000. Institutional investors own 89.82% of the company’s stock.

About Mr. Cooper Group

(Get Free Report)

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.

Featured Articles

Analyst Recommendations for Mr. Cooper Group (NASDAQ:COOP)

Receive News & Ratings for Mr. Cooper Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mr. Cooper Group and related companies with MarketBeat.com's FREE daily email newsletter.