Mr. Cooper Group (NASDAQ:COOP) Given New $94.00 Price Target at Barclays

Mr. Cooper Group (NASDAQ:COOP) had its price target upped by Barclays from $85.00 to $94.00 in a report released on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

COOP has been the topic of a number of other research reports. Jefferies Financial Group boosted their target price on Mr. Cooper Group from $74.00 to $80.00 and gave the company a hold rating in a research report on Friday, April 19th. Wedbush boosted their target price on Mr. Cooper Group from $85.00 to $100.00 and gave the company an outperform rating in a research report on Thursday. Keefe, Bruyette & Woods reissued an outperform rating and issued a $92.00 target price (up previously from $86.00) on shares of Mr. Cooper Group in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Mr. Cooper Group from $88.00 to $90.00 and gave the company a buy rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $82.22.

Mr. Cooper Group Trading Down 3.6 %

NASDAQ:COOP opened at $78.76 on Thursday. Mr. Cooper Group has a 12 month low of $41.74 and a 12 month high of $81.98. The stock has a 50 day moving average of $74.91 and a two-hundred day moving average of $66.39. The firm has a market cap of $5.14 billion, a P/E ratio of 8.25 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.17. The business had revenue of $564.00 million for the quarter, compared to analysts’ expectations of $498.15 million. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. On average, research analysts forecast that Mr. Cooper Group will post 9.01 earnings per share for the current year.

Insider Buying and Selling at Mr. Cooper Group

In related news, President Michael S. Weinbach acquired 17,000 shares of the firm’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 purchase, the president now directly owns 17,000 shares of the company’s stock, valued at approximately $1,209,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the completion of the sale, the chief executive officer now owns 391,051 shares in the company, valued at $26,419,405.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael S. Weinbach bought 17,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were acquired 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 of the company’s stock, valued at approximately $1,209,720. The disclosure for this purchase can be found here. Insiders sold 75,000 shares of company stock worth $5,431,500 over the last 90 days. Corporate insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

Hedge funds have recently made changes to their positions in the business. Triasima Portfolio Management inc. acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth about $1,354,000. Vanguard Group Inc. boosted its stake in shares of Mr. Cooper Group by 1.1% during the third quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock worth $387,467,000 after buying an additional 77,838 shares during the period. Assenagon Asset Management S.A. lifted its position in Mr. Cooper Group by 12.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock valued at $103,787,000 after purchasing an additional 182,014 shares during the period. Hsbc Holdings PLC lifted its position in Mr. Cooper Group by 383.5% in the third quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock valued at $7,878,000 after purchasing an additional 116,360 shares during the period. Finally, Cambria Investment Management L.P. lifted its position in Mr. Cooper Group by 6.6% in the third quarter. Cambria Investment Management L.P. now owns 168,423 shares of the company’s stock valued at $9,021,000 after purchasing an additional 10,486 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

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.