Keefe, Bruyette & Woods Reaffirms Outperform Rating for Mr. Cooper Group (NASDAQ:COOP)

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

A number of other research firms have also issued reports on COOP. Barclays upped their target price on shares of 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 assumed coverage on shares of Mr. Cooper Group in a report on Wednesday, January 10th. They issued a buy rating and a $88.00 target price on the stock. Jefferies Financial Group upped their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a hold rating in a report on Friday, April 19th. Finally, Wedbush upped their target price on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the company an outperform rating in a report on Thursday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $82.22.

Mr. Cooper Group Stock Down 0.0 %

Mr. Cooper Group stock opened at $78.73 on Thursday. Mr. Cooper Group has a 52 week low of $41.74 and a 52 week high of $81.98. The firm’s 50-day simple moving average is $75.09 and its 200 day simple moving average is $66.73. The firm has a market capitalization of $5.10 billion, a PE ratio of 8.24 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. The business had revenue of $564.00 million for the quarter, compared to analyst estimates of $498.15 million. On average, research analysts expect that Mr. Cooper Group will post 9.24 EPS for the current fiscal year.

Insider Activity

In related news, President Michael S. Weinbach acquired 17,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the purchase, the president now directly owns 17,000 shares in the company, valued at approximately $1,209,720. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Mr. Cooper Group news, President Michael S. Weinbach bought 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased 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 in the company, valued at $1,209,720. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of the 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 sale, the chief executive officer now directly owns 334,631 shares of the company’s stock, valued at approximately $26,131,334.79. The disclosure for this sale can be found here. Insiders sold a total of 75,000 shares of company stock valued at $5,431,500 in the last 90 days. 2.33% of the stock is currently owned by insiders.

Institutional Trading of Mr. Cooper Group

Institutional investors and hedge funds have recently bought and sold shares of the business. USA Financial Formulas acquired a new stake in Mr. Cooper Group during the 4th quarter worth approximately $25,000. GAMMA Investing LLC acquired a new stake in Mr. Cooper Group during the 4th quarter worth approximately $61,000. Quest Partners LLC acquired a new stake in Mr. Cooper Group during the 4th quarter worth approximately $61,000. Centaurus Financial Inc. acquired a new stake in Mr. Cooper Group during the 4th quarter worth approximately $101,000. Finally, Headlands Technologies LLC grew its position in Mr. Cooper Group by 637.1% in the fourth quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock valued at $108,000 after acquiring an additional 1,427 shares in the last quarter. Institutional investors and hedge funds 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.