Mr. Cooper Group Inc. (NASDAQ:COOP) Given Average Rating of “Moderate Buy” by Analysts

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $98.00.

A number of equities research analysts have recently issued reports on COOP shares. Barclays boosted their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Compass Point boosted their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Wedbush reissued an “outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, October 24th.

Mr. Cooper Group Trading Down 0.3 %

NASDAQ:COOP opened at $96.42 on Friday. Mr. Cooper Group has a 12 month low of $61.38 and a 12 month high of $103.05. The company has a market cap of $6.17 billion, a PE ratio of 12.46 and a beta of 1.41. The company has a 50 day simple moving average of $94.53 and a two-hundred day simple moving average of $89.26.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The business had revenue of $616.00 million during the quarter, compared to the consensus estimate of $548.09 million. During the same quarter in the previous year, the firm posted $2.79 EPS. The firm’s revenue was up 32.8% on a year-over-year basis. Research analysts forecast that Mr. Cooper Group will post 10.16 earnings per share 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 on Friday, November 1st. The shares were sold at an average price of $88.41, for a total value of $2,652,300.00. Following the sale, the chief executive officer now owns 818,821 shares in the company, valued at $72,391,964.61. The trade was a 3.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.33% of the stock is currently owned by insiders.

Institutional Trading of Mr. Cooper Group

Several hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its stake in Mr. Cooper Group by 1.9% in the 3rd quarter. State Street Corp now owns 2,726,946 shares of the company’s stock worth $251,370,000 after purchasing an additional 51,667 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Mr. Cooper Group by 11.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock worth $114,988,000 after purchasing an additional 125,055 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after purchasing an additional 52,001 shares in the last quarter. LSV Asset Management raised its position in shares of Mr. Cooper Group by 249.2% during the 2nd quarter. LSV Asset Management now owns 633,260 shares of the company’s stock valued at $51,440,000 after buying an additional 451,926 shares in the last quarter. Finally, Basswood Capital Management L.L.C. raised its position in shares of Mr. Cooper Group by 36.6% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock valued at $45,744,000 after buying an additional 132,970 shares in the last quarter. Hedge funds and other 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.