Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $115.00 at Keefe, Bruyette & Woods

Mr. Cooper Group (NASDAQ:COOP) had its target price upped by Keefe, Bruyette & Woods from $105.00 to $115.00 in a research note released on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Barclays boosted their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday. Wedbush reissued an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Piper Sandler boosted their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.38.

Mr. Cooper Group Price Performance

COOP stock opened at $108.66 on Thursday. The company has a fifty day moving average price of $99.27 and a 200 day moving average price of $94.88. Mr. Cooper Group has a 12 month low of $70.01 and a 12 month high of $109.38. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 0.31 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. As a group, analysts anticipate that Mr. Cooper Group will post 10.18 earnings per share for the current year.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total value of $2,834,700.00. Following the completion of the transaction, the chief executive officer now owns 758,821 shares in the company, valued at $71,700,996.29. This trade represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

Large investors have recently added to or reduced their stakes in the business. Lodge Hill Capital LLC lifted its holdings in shares of Mr. Cooper Group by 315.6% in the fourth quarter. Lodge Hill Capital LLC now owns 166,640 shares of the company’s stock valued at $15,999,000 after purchasing an additional 126,540 shares in the last quarter. Zacks Investment Management raised its position in shares of Mr. Cooper Group by 1.6% during the 4th quarter. Zacks Investment Management now owns 15,108 shares of the company’s stock worth $1,451,000 after purchasing an additional 234 shares during the last quarter. Jump Financial LLC raised its position in shares of Mr. Cooper Group by 29.0% during the 4th quarter. Jump Financial LLC now owns 4,000 shares of the company’s stock worth $384,000 after purchasing an additional 900 shares during the last quarter. Optimize Financial Inc purchased a new stake in Mr. Cooper Group in the 4th quarter valued at approximately $359,000. Finally, Sterling Capital Management LLC grew its holdings in Mr. Cooper Group by 9.7% during the 4th quarter. Sterling Capital Management LLC now owns 12,829 shares of the company’s stock valued at $1,232,000 after buying an additional 1,137 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

About Mr. Cooper Group

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.