Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $147.00 at Barclays

Mr. Cooper Group (NASDAQ:COOP) had its target price increased by Barclays from $130.00 to $147.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities analysts have also commented on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Keefe, Bruyette & Woods upped their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a research note on Tuesday. UBS Group increased their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Piper Sandler lowered shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $125.00 to $143.00 in a report on Friday, April 4th. Finally, Citizens Jmp downgraded Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.78.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP opened at $108.56 on Tuesday. Mr. Cooper Group has a 1 year low of $74.49 and a 1 year high of $137.60. The firm has a market cap of $6.90 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The company has a 50 day simple moving average of $109.93 and a 200 day simple moving average of $100.90.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, research analysts anticipate that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Mr. Cooper Group by 1.9% during the third quarter. State Street Corp now owns 2,726,946 shares of the company’s stock valued at $251,370,000 after acquiring an additional 51,667 shares in the last quarter. Invesco Ltd. grew its position in Mr. Cooper Group by 5.2% in the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company’s stock valued at $172,853,000 after purchasing an additional 89,544 shares during the period. Wellington Management Group LLP increased its stake in Mr. Cooper Group by 43.1% during the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company’s stock valued at $109,346,000 after purchasing an additional 343,243 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Mr. Cooper Group by 16.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company’s stock worth $83,712,000 after buying an additional 125,897 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Mr. Cooper Group by 6.8% in the fourth quarter. Northern Trust Corp now owns 835,369 shares of the company’s stock valued at $80,204,000 after buying an additional 53,534 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

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.