Mr. Cooper Group (NASDAQ:COOP) Given New $135.00 Price Target at UBS Group

Mr. Cooper Group (NASDAQ:COOP) had its price target upped by stock analysts at UBS Group from $122.00 to $135.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 25.16% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Wedbush reaffirmed an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Barclays raised their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods raised their target price on Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, February 13th. Finally, Piper Sandler raised their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.22.

Mr. Cooper Group Stock Performance

Shares of COOP opened at $107.86 on Tuesday. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 0.31 and a beta of 1.43. Mr. Cooper Group has a one year low of $70.01 and a one year high of $109.72. The stock’s fifty day moving average is $99.72 and its 200-day moving average is $95.21.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. Analysts forecast that Mr. Cooper Group will post 10.18 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the transaction, the chief executive officer now directly owns 758,821 shares of the company’s stock, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mr. Cooper Group

A number of institutional investors have recently modified their holdings of COOP. Picton Mahoney Asset Management raised its holdings in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after acquiring an additional 95 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in Mr. Cooper Group in the 3rd quarter worth about $30,000. Harvest Fund Management Co. Ltd raised its stake in shares of Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after purchasing an additional 270 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $48,000. Finally, ORG Partners LLC purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

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.