UBS Group Forecasts Strong Price Appreciation for Mr. Cooper Group (NASDAQ:COOP) Stock

Mr. Cooper Group (NASDAQ:COOP) had its target price raised by UBS Group from $122.00 to $135.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

COOP has been the subject of several other reports. Compass Point boosted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, February 13th. Wedbush reaffirmed an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. JMP Securities reaffirmed a “market outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.22.

Mr. Cooper Group Stock Down 0.2 %

Shares of Mr. Cooper Group stock opened at $107.68 on Tuesday. The firm has a market cap of $6.89 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.31 and a beta of 1.43. Mr. Cooper Group has a fifty-two week low of $70.01 and a fifty-two week high of $109.72. The business has a 50-day moving average price of $99.98 and a 200 day moving average price of $95.36.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating the consensus estimate 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, equities research 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 business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the transaction, the chief executive officer now directly owns 758,821 shares in the company, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

A number of institutional investors have recently added to or reduced their stakes in COOP. Financial Management Professionals Inc. acquired a new stake in Mr. Cooper Group in the third quarter worth approximately $30,000. Picton Mahoney Asset Management lifted its position in Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 95 shares during the period. Harvest Fund Management Co. Ltd lifted its position in Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after purchasing an additional 270 shares during the period. Asset Planning Inc acquired a new stake in Mr. Cooper Group in the fourth quarter worth approximately $48,000. Finally, ORG Partners LLC acquired a new stake in Mr. Cooper Group in the fourth quarter worth approximately $51,000. 89.82% of the stock is currently 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.