Mr. Cooper Group Inc. (NASDAQ:COOP) Receives Average Recommendation of “Buy” from Brokerages

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have received an average rating of “Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have covered the stock in the last year is $77.50.

A number of brokerages have weighed in on COOP. Wedbush upped their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Barclays boosted their target price on shares of Mr. Cooper Group from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. 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 target price for the company. Keefe, Bruyette & Woods boosted their price target on shares of Mr. Cooper Group from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mr. Cooper Group in a report on Wednesday, January 10th. They set a “buy” rating and a $88.00 price objective for the company.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $67.56, for a total value of $1,689,000.00. Following the completion of the sale, the chief executive officer now directly owns 391,051 shares in the company, valued at $26,419,405.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $67.56, for a total value of $1,689,000.00. Following the transaction, the chief executive officer now directly owns 391,051 shares in the company, valued at $26,419,405.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael S. Weinbach bought 17,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were acquired at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the acquisition, the president now directly owns 17,000 shares in the company, valued at approximately $1,209,720. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 75,000 shares of company stock worth $5,431,500. Insiders own 3.11% of the company’s stock.

Hedge Funds Weigh In On Mr. Cooper Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Mr. Cooper Group by 4.2% in the 1st quarter. BlackRock Inc. now owns 11,145,045 shares of the company’s stock valued at $456,612,000 after acquiring an additional 450,346 shares during the period. Vanguard Group Inc. raised its holdings in Mr. Cooper Group by 25.0% in the first quarter. Vanguard Group Inc. now owns 8,125,291 shares of the company’s stock worth $371,082,000 after purchasing an additional 1,622,582 shares during the period. State Street Corp boosted its position in shares of Mr. Cooper Group by 0.5% during the second quarter. State Street Corp now owns 2,726,074 shares of the company’s stock worth $138,048,000 after purchasing an additional 13,203 shares in the last quarter. Morgan Stanley grew its holdings in shares of Mr. Cooper Group by 49.9% in the 3rd quarter. Morgan Stanley now owns 2,033,145 shares of the company’s stock valued at $108,895,000 after buying an additional 676,483 shares during the period. Finally, Rubric Capital Management LP increased its position in shares of Mr. Cooper Group by 13.1% in the 2nd quarter. Rubric Capital Management LP now owns 1,965,173 shares of the company’s stock valued at $99,516,000 after buying an additional 227,135 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Down 0.1 %

NASDAQ COOP opened at $77.95 on Monday. Mr. Cooper Group has a twelve month low of $38.98 and a twelve month high of $78.53. The stock has a market cap of $5.04 billion, a P/E ratio of 10.62 and a beta of 1.37. The company’s 50-day simple moving average is $71.70 and its 200 day simple moving average is $63.41.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.34. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. The company had revenue of $404.00 million for the quarter, compared to the consensus estimate of $398.31 million. Research analysts anticipate that Mr. Cooper Group will post 8.69 earnings per share for the current year.

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.