Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $80.00

Mr. Cooper Group (NASDAQ:COOP) had its target price hoisted by equities research analysts at Jefferies Financial Group from $74.00 to $80.00 in a report issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 4.07% from the company’s current price.

Several other equities analysts have also issued reports on the company. Wedbush lifted their target price on Mr. Cooper Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of Mr. Cooper Group in a research report on Wednesday, January 10th. They issued a “buy” rating and a $88.00 price objective on the stock. Keefe, Bruyette & Woods raised their target price on shares of Mr. Cooper Group from $83.00 to $86.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Finally, Barclays lifted their price target on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mr. Cooper Group presently has a consensus rating of “Moderate Buy” and an average target price of $78.67.

Mr. Cooper Group Trading Up 1.5 %

Shares of COOP traded up $1.10 during midday trading on Friday, reaching $76.87. 53,694 shares of the stock were exchanged, compared to its average volume of 469,256. The company has a market capitalization of $5.02 billion, a P/E ratio of 10.48 and a beta of 1.38. Mr. Cooper Group has a 52 week low of $41.74 and a 52 week high of $78.54. The company’s 50 day moving average is $74.37 and its two-hundred day moving average is $65.61.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.34. Mr. Cooper Group had a net margin of 27.87% and a return on equity of 12.01%. The company had revenue of $404.00 million during the quarter, compared to the consensus estimate of $398.31 million. On average, sell-side analysts expect that Mr. Cooper Group will post 9.01 EPS for the current year.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 334,631 shares of the company’s stock, valued at approximately $26,131,334.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total value of $1,952,250.00. Following the sale, the chief executive officer now owns 334,631 shares in the company, valued at $26,131,334.79. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael S. Weinbach purchased 17,000 shares of Mr. Cooper Group stock in a transaction on Tuesday, February 13th. The shares were acquired at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the transaction, the president now directly owns 17,000 shares in the company, valued at approximately $1,209,720. The disclosure for this purchase can be found here. Insiders have sold a total of 75,000 shares of company stock valued at $5,431,500 in the last ninety days. Company insiders own 3.11% of the company’s stock.

Hedge Funds Weigh In On Mr. Cooper Group

Several large investors have recently made changes to their positions in COOP. Raymond James Financial Services Advisors Inc. purchased a new position in Mr. Cooper Group in the first quarter valued at $642,000. Cetera Advisor Networks LLC raised its holdings in Mr. Cooper Group by 10.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 5,435 shares of the company’s stock worth $248,000 after purchasing an additional 533 shares during the period. Citigroup Inc. boosted its position in Mr. Cooper Group by 37.5% during the first quarter. Citigroup Inc. now owns 93,768 shares of the company’s stock worth $4,283,000 after purchasing an additional 25,580 shares in the last quarter. Natixis Advisors L.P. grew its holdings in Mr. Cooper Group by 26.7% in the first quarter. Natixis Advisors L.P. now owns 15,355 shares of the company’s stock valued at $701,000 after purchasing an additional 3,239 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Mr. Cooper Group by 4.3% in the first quarter. Bank of Montreal Can now owns 20,963 shares of the company’s stock valued at $978,000 after buying an additional 869 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Company Profile

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.