Mr. Cooper Group (NASDAQ:COOP – Get Free Report) will be announcing its 12/31/2023 earnings results before the market opens on Friday, February 9th. Analysts expect the company to announce earnings of $1.81 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Mr. Cooper Group Trading Up 1.7 %
COOP stock opened at $67.62 on Wednesday. Mr. Cooper Group has a 12-month low of $37.54 and a 12-month high of $69.05. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 10.15 and a beta of 1.36. The business’s 50-day moving average is $64.59 and its 200 day moving average is $59.07.
Analysts Set New Price Targets
Several research firms have recently commented on COOP. Piper Sandler lifted their price target on shares of Mr. Cooper Group from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Barclays began coverage on shares of Mr. Cooper Group in a research report on Wednesday, November 15th. They set an “overweight” rating and a $74.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Mr. Cooper Group in a research report on Wednesday, January 10th. They set a “buy” rating and a $88.00 price target on the stock. UBS Group assumed coverage on shares of Mr. Cooper Group in a research report on Wednesday, December 6th. They set a “buy” rating and a $80.00 price target on the stock. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Mr. Cooper Group from $74.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, December 13th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $74.63.
Insiders Place Their Bets
In other news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $60.62, for a total value of $1,515,500.00. Following the sale, the chief executive officer now directly owns 441,051 shares in the company, valued at $26,736,511.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.11% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Mr. Cooper Group
Several institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Mr. Cooper Group by 3.6% during the second quarter. PNC Financial Services Group Inc. now owns 5,701 shares of the company’s stock valued at $289,000 after buying an additional 197 shares during the period. Mariner LLC raised its stake in Mr. Cooper Group by 5.0% during the third quarter. Mariner LLC now owns 4,803 shares of the company’s stock worth $257,000 after purchasing an additional 230 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Mr. Cooper Group by 3.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 6,561 shares of the company’s stock worth $351,000 after purchasing an additional 247 shares during the period. Federated Hermes Inc. raised its stake in Mr. Cooper Group by 55.1% during the third quarter. Federated Hermes Inc. now owns 752 shares of the company’s stock worth $30,000 after purchasing an additional 267 shares during the period. Finally, FMR LLC raised its stake in Mr. Cooper Group by 8.8% during the first quarter. FMR LLC now owns 3,944 shares of the company’s stock worth $162,000 after purchasing an additional 319 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.
About Mr. Cooper Group
Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.
- Five stocks we like better than Mr. Cooper Group
- Where to Find Earnings Call Transcripts
- Is the dip in Atlassian stock a sneaky buy opportunity?
- How to Invest in Insurance Companies: A Guide
- Caterpillar stock hits new highs; time to ring the register?
- Stocks in the Dow: About the Dow Jones Industrial Average (DJIA)
- 5 medical stocks growing earnings by triple digits
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.