Analysts Set Mr. Cooper Group Inc. (NASDAQ:COOP) Price Target at $98.00

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $98.00.

A number of analysts recently weighed in on the stock. Compass Point upped their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Wedbush reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Finally, Barclays increased their price target 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.

Mr. Cooper Group Stock Down 1.2 %

NASDAQ COOP opened at $97.44 on Friday. The company’s 50 day moving average is $94.29 and its 200-day moving average is $89.08. Mr. Cooper Group has a 12-month low of $61.38 and a 12-month high of $103.05. The firm has a market cap of $6.23 billion, a P/E ratio of 12.67 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. The business had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. Mr. Cooper Group’s revenue was up 32.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.79 EPS. Equities analysts expect that Mr. Cooper Group will post 10.16 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 818,821 shares in the company, valued at $72,391,964.61. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. LSV Asset Management boosted its holdings 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 acquiring an additional 451,926 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Mr. Cooper Group by 984.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock worth $30,476,000 after acquiring an additional 354,905 shares during the period. Hantz Financial Services Inc. bought a new stake in Mr. Cooper Group during the 2nd quarter worth approximately $21,609,000. FMR LLC raised its stake in Mr. Cooper Group by 42.9% during the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after acquiring an additional 145,767 shares during the period. Finally, Basswood Capital Management L.L.C. raised its position in shares of Mr. Cooper Group by 36.6% during the third 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 during the last quarter. 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.