Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $135.00

Mr. Cooper Group (NASDAQ:COOP) had its price objective hoisted by UBS Group from $122.00 to $135.00 in a report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Wedbush reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Finally, Piper Sandler lifted their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.22.

Mr. Cooper Group Trading Up 0.4 %

COOP opened at $109.15 on Tuesday. The stock has a fifty day simple moving average of $100.51 and a two-hundred day simple moving average of $95.55. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43. Mr. Cooper Group has a 12-month low of $70.01 and a 12-month high of $109.72.

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

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 758,821 shares in the company, valued at $71,700,996.29. The trade was a 3.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mr. Cooper Group

A number of large investors have recently made changes to their positions in the company. Vise Technologies Inc. grew its stake in shares of Mr. Cooper Group by 8.7% during the 4th quarter. Vise Technologies Inc. now owns 3,643 shares of the company’s stock valued at $350,000 after purchasing an additional 292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Mr. Cooper Group by 20.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 125,577 shares of the company’s stock valued at $12,057,000 after purchasing an additional 21,173 shares during the period. iSAM Funds UK Ltd bought a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $475,000. Tidal Investments LLC grew its stake in shares of Mr. Cooper Group by 4.6% during the 4th quarter. Tidal Investments LLC now owns 27,914 shares of the company’s stock valued at $2,680,000 after purchasing an additional 1,236 shares during the period. Finally, Sig Brokerage LP bought a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $213,000. 89.82% of the stock is currently owned by institutional investors.

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.