Mr. Cooper Group (NASDAQ:COOP) Given New $80.00 Price Target at Jefferies Financial Group

Mr. Cooper Group (NASDAQ:COOP) had its price target lifted by Jefferies Financial Group from $74.00 to $80.00 in a report released on Friday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other analysts also recently weighed in on COOP. Barclays lifted 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. Wedbush lifted their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an outperform rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft began 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. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Mr. Cooper Group from $83.00 to $86.00 and gave the company an outperform rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $78.67.

Mr. Cooper Group Stock Performance

Shares of Mr. Cooper Group stock opened at $77.55 on Friday. Mr. Cooper Group has a 1 year low of $41.74 and a 1 year high of $78.54. The company has a market capitalization of $5.06 billion, a P/E ratio of 10.57 and a beta of 1.38. The company’s fifty day moving average is $74.48 and its two-hundred day moving average is $65.78.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $398.31 million. As a group, equities analysts expect that Mr. Cooper Group will post 9.01 earnings per share for the current year.

Insider Activity at Mr. Cooper Group

In related news, President Michael S. Weinbach acquired 17,000 shares of Mr. Cooper Group stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the purchase, the president now directly owns 17,000 shares of the company’s stock, valued at $1,209,720. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other Mr. Cooper Group news, President Michael S. Weinbach bought 17,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the transaction, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the transaction, the chief executive officer now owns 391,051 shares of the company’s stock, valued at approximately $26,419,405.56. The disclosure for this sale can be found here. Insiders sold 75,000 shares of company stock worth $5,431,500 over the last 90 days. Company insiders own 3.11% of the company’s stock.

Hedge Funds Weigh In On Mr. Cooper Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COOP. Raymond James Financial Services Advisors Inc. acquired a new position in Mr. Cooper Group during the first quarter worth about $642,000. Cetera Advisor Networks LLC raised its position in Mr. Cooper Group by 10.9% during the first quarter. Cetera Advisor Networks LLC now owns 5,435 shares of the company’s stock worth $248,000 after acquiring an additional 533 shares during the last quarter. Citigroup Inc. raised 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 acquiring an additional 25,580 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of 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 buying an additional 3,239 shares during the last quarter. Finally, Bank of Montreal Can raised 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 during 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.