Deutsche Bank Aktiengesellschaft Boosts Mr. Cooper Group (NASDAQ:COOP) Price Target to $90.00

Mr. Cooper Group (NASDAQ:COOP) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $88.00 to $90.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on COOP. Jefferies Financial Group boosted their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a hold rating in a report on Friday, April 19th. Barclays increased their price objective on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an overweight rating in a research report on Tuesday, April 9th. 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 note on Thursday. Finally, Wedbush upped their price target on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the stock an outperform rating in a research report on Thursday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $82.22.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $78.73 on Thursday. Mr. Cooper Group has a 1 year low of $41.74 and a 1 year high of $81.98. The firm has a 50 day moving average price of $75.09 and a 200 day moving average price of $66.73. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 8.24 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. The firm had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. Sell-side analysts predict that Mr. Cooper Group will post 9.24 EPS for the current year.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $67.56, for a total value of $1,689,000.00. Following the completion of the sale, the chief executive officer now directly owns 391,051 shares in the company, valued at approximately $26,419,405.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Mr. Cooper Group news, President Michael S. Weinbach bought 17,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $67.56, for a total value of $1,689,000.00. Following the sale, the chief executive officer now owns 391,051 shares of the company’s stock, valued at $26,419,405.56. The disclosure for this sale can be found here. In the last three months, insiders sold 75,000 shares of company stock worth $5,431,500. Corporate insiders own 2.33% of the company’s stock.

Institutional Trading of Mr. Cooper Group

Large investors have recently modified their holdings of the business. USA Financial Formulas acquired a new stake in shares of Mr. Cooper Group during the fourth quarter valued at about $25,000. GAMMA Investing LLC acquired a new stake in shares of Mr. Cooper Group during the fourth quarter valued at about $61,000. Quest Partners LLC acquired a new stake in shares of Mr. Cooper Group during the fourth quarter valued at about $61,000. Centaurus Financial Inc. bought a new position in shares of Mr. Cooper Group during the fourth quarter worth about $101,000. Finally, Headlands Technologies LLC lifted its position in shares of Mr. Cooper Group by 637.1% during the fourth quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock worth $108,000 after purchasing an additional 1,427 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

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.