Mr. Cooper Group (NASDAQ:COOP) PT Raised to $94.00 at Barclays

Mr. Cooper Group (NASDAQ:COOP) had its price target lifted by stock analysts at Barclays from $85.00 to $94.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 19.40% from the stock’s current price.

Several other research firms also recently weighed in on COOP. Wedbush boosted their target price on Mr. Cooper Group from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday. Jefferies Financial Group increased their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $92.00 price target (up from $86.00) on shares of Mr. Cooper Group in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Mr. Cooper Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.22.

Mr. Cooper Group Price Performance

Shares of COOP opened at $78.73 on Thursday. Mr. Cooper Group has a 1 year low of $41.74 and a 1 year high of $81.98. The business’s 50 day simple moving average is $74.98 and its 200-day simple moving average is $66.48. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 8.24 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.17. The firm had revenue of $564.00 million for the quarter, compared to analysts’ expectations of $498.15 million. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. On average, sell-side analysts expect that Mr. Cooper Group will post 9.24 earnings per share for the current year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the transaction, the chief executive officer now directly owns 334,631 shares in the company, valued at $26,131,334.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, President Michael S. Weinbach purchased 17,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the transaction, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the completion of the transaction, the chief executive officer now directly owns 334,631 shares in the company, valued at approximately $26,131,334.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,000 shares of company stock valued at $5,431,500. Company insiders own 2.33% of the company’s stock.

Hedge Funds Weigh In On Mr. Cooper Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its holdings in shares of Mr. Cooper Group by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,642 shares of the company’s stock valued at $823,000 after purchasing an additional 180 shares during the last quarter. GAMMA Investing LLC raised its stake in Mr. Cooper Group by 20.6% in the first quarter. GAMMA Investing LLC now owns 1,085 shares of the company’s stock valued at $85,000 after buying an additional 185 shares during the last quarter. Arizona State Retirement System boosted its holdings in Mr. Cooper Group by 1.5% in the fourth quarter. Arizona State Retirement System now owns 18,688 shares of the company’s stock worth $1,217,000 after acquiring an additional 279 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Mr. Cooper Group by 3.2% during the fourth quarter. Assetmark Inc. now owns 9,736 shares of the company’s stock valued at $634,000 after acquiring an additional 299 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its position in shares of Mr. Cooper Group by 6.9% in the 1st quarter. AlphaMark Advisors LLC now owns 4,675 shares of the company’s stock valued at $364,000 after purchasing an additional 301 shares during the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.