Analysts Set Mr. Cooper Group Inc. (NASDAQ:COOP) PT at $78.50

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $78.67.

A number of equities analysts have recently weighed in on COOP shares. Deutsche Bank Aktiengesellschaft started coverage on Mr. Cooper Group in a report on Wednesday, January 10th. They set a “buy” rating and a $88.00 price target for the company. Jefferies Financial Group increased their price target on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $83.00 to $86.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Barclays increased their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Finally, Wedbush increased their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, February 12th.

Mr. Cooper Group Stock Up 1.8 %

Shares of NASDAQ:COOP opened at $79.48 on Friday. The business has a fifty day moving average of $74.75 and a two-hundred day moving average of $66.29. The stock has a market cap of $5.19 billion, a P/E ratio of 10.83 and a beta of 1.38. Mr. Cooper Group has a 52-week low of $41.74 and a 52-week high of $80.21.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.34. The company had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $398.31 million. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. On average, equities analysts anticipate that Mr. Cooper Group will post 9.01 earnings per share for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Mr. Cooper Group

Several institutional investors have recently added to or reduced their stakes in the business. Triasima Portfolio Management inc. purchased a new stake in shares of Mr. Cooper Group in the fourth quarter worth about $1,354,000. Vanguard Group Inc. grew its holdings in Mr. Cooper Group by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock worth $387,467,000 after buying an additional 77,838 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Mr. Cooper Group by 12.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock valued at $103,787,000 after purchasing an additional 182,014 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Mr. Cooper Group by 383.5% during the 3rd quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock valued at $7,878,000 after purchasing an additional 116,360 shares in the last quarter. Finally, Cambria Investment Management L.P. boosted its stake in Mr. Cooper Group by 6.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 168,423 shares of the company’s stock valued at $9,021,000 after purchasing an additional 10,486 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

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.