Mr. Cooper Group (NASDAQ:COOP) Stock Rating Lowered by Citizens Jmp

Mr. Cooper Group (NASDAQ:COOP) was downgraded by equities research analysts at Citizens Jmp from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on COOP. Barclays upped their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. UBS Group lifted their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. JMP Securities restated a “market outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Piper Sandler increased their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.22.

Mr. Cooper Group Price Performance

NASDAQ COOP opened at $133.56 on Tuesday. The company has a market capitalization of $8.49 billion, a P/E ratio of 13.12, a PEG ratio of 0.32 and a beta of 1.49. Mr. Cooper Group has a 1-year low of $74.49 and a 1-year high of $137.60. The business has a 50 day moving average price of $107.42 and a 200 day moving average price of $99.39.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. On average, research analysts expect that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.33% of the stock is owned by insiders.

Institutional Trading of Mr. Cooper Group

Several institutional investors have recently added to or reduced their stakes in COOP. Penbrook Management LLC increased its position in shares of Mr. Cooper Group by 0.6% in the 1st quarter. Penbrook Management LLC now owns 15,825 shares of the company’s stock worth $1,893,000 after purchasing an additional 100 shares during the last quarter. Copia Wealth Management acquired a new position in Mr. Cooper Group in the fourth quarter worth about $292,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Mr. Cooper Group in the fourth quarter valued at about $5,409,000. Jefferies Financial Group Inc. acquired a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $394,000. Finally, Integrated Advisors Network LLC acquired a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $322,000. 89.82% of the stock is owned by institutional investors and hedge funds.

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.