Mr. Cooper Group’s (COOP) Outperform Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their outperform rating on shares of Mr. Cooper Group (NASDAQ:COOP) in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a $92.00 price objective on the stock, up from their prior price objective of $86.00.

COOP has been the topic of several other research reports. Jefferies Financial Group increased their price target on Mr. Cooper Group from $74.00 to $80.00 and gave the company a hold rating in a report on Friday, April 19th. Barclays increased their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the company an overweight rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Mr. Cooper Group in a report on Wednesday, January 10th. They set a buy rating and a $88.00 price target on the stock. Finally, Wedbush increased their price target on Mr. Cooper Group from $85.00 to $100.00 and gave the company an outperform rating in a report on Thursday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average 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. 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 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 $75.09 and its 200-day simple moving average is $66.81.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.17. The business had revenue of $564.00 million for the quarter, compared to analysts’ expectations of $498.15 million. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. On average, sell-side analysts expect that Mr. Cooper Group will post 9.48 earnings per share for the current year.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $71.61, for a total value of $1,790,250.00. Following the transaction, the chief executive officer now owns 366,051 shares of the company’s stock, valued at approximately $26,212,912.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, President Michael S. Weinbach purchased 17,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the transaction, the president now owns 17,000 shares of the company’s stock, valued at $1,209,720. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $71.61, for a total value of $1,790,250.00. Following the transaction, the chief executive officer now directly owns 366,051 shares in the company, valued at approximately $26,212,912.11. The disclosure for this sale can be found here. 2.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mr. Cooper Group

A number of hedge funds and other institutional investors have recently made changes to their positions in COOP. USA Financial Formulas bought a new position in shares of Mr. Cooper Group during the 4th quarter worth $25,000. GAMMA Investing LLC bought a new stake in Mr. Cooper Group during the fourth quarter valued at about $61,000. Quest Partners LLC bought a new stake in Mr. Cooper Group during the fourth quarter valued at about $61,000. Centaurus Financial Inc. bought a new stake in Mr. Cooper Group during the fourth quarter valued at about $101,000. Finally, Headlands Technologies LLC boosted its position in Mr. Cooper Group by 637.1% during the fourth quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock valued at $108,000 after purchasing an additional 1,427 shares in the last quarter. Institutional investors own 89.82% 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 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.