Mr. Cooper Group Inc (NASDAQ:COOP) Receives Average Recommendation of “Moderate Buy” from Analysts

Mr. Cooper Group Inc (NASDAQ:COOP) has received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $140.3750.

A number of research analysts have weighed in on the stock. UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a report on Tuesday, August 5th. Piper Sandler upped their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Jefferies Financial Group raised their price objective on Mr. Cooper Group from $110.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, July 22nd. Barclays upped their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mr. Cooper Group in a research note on Saturday, September 27th.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total value of $5,472,900.00. Following the transaction, the chief executive officer directly owned 633,187 shares of the company’s stock, valued at approximately $115,512,304.41. This trade represents a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mr. Cooper Group

Several hedge funds and other institutional investors have recently made changes to their positions in COOP. GAMMA Investing LLC increased its position in shares of Mr. Cooper Group by 19.1% during the first quarter. GAMMA Investing LLC now owns 2,603 shares of the company’s stock worth $311,000 after purchasing an additional 418 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Mr. Cooper Group in the first quarter valued at about $320,000. Longboard Asset Management LP purchased a new position in shares of Mr. Cooper Group in the first quarter worth about $235,000. Spire Wealth Management boosted its position in Mr. Cooper Group by 10.4% during the first quarter. Spire Wealth Management now owns 17,024 shares of the company’s stock worth $2,036,000 after acquiring an additional 1,606 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in Mr. Cooper Group by 1.4% during the first quarter. Illinois Municipal Retirement Fund now owns 35,779 shares of the company’s stock worth $4,279,000 after acquiring an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP opened at $210.79 on Tuesday. Mr. Cooper Group has a 12-month low of $84.68 and a 12-month high of $234.73. The company has a market capitalization of $13.49 billion, a PE ratio of 24.12 and a beta of 1.08. The business has a 50 day moving average of $205.48 and a two-hundred day moving average of $161.63.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.15). The firm had revenue of $608.00 million for the quarter, compared to analyst estimates of $669.23 million. Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%.Mr. Cooper Group’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.10 EPS. Equities research analysts predict that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

Mr. Cooper Group Dividend Announcement

The business also recently announced a special dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 29th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 29th. Mr. Cooper Group’s payout ratio is currently 22.88%.

Mr. Cooper Group Company Profile

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.