Mr. Cooper Group Inc (NASDAQ:COOP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Mr. Cooper Group Inc (NASDAQ:COOP) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $140.3750.

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

Mr. Cooper Group Stock Performance

NASDAQ COOP opened at $210.79 on Tuesday. The stock’s fifty day moving average is $205.48 and its two-hundred day moving average is $161.63. The firm has a market capitalization of $13.49 billion, a P/E ratio of 24.12 and a beta of 1.08. Mr. Cooper Group has a fifty-two week low of $84.68 and a fifty-two week high of $234.73.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.15). The company had revenue of $608.00 million during 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%.The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $3.10 earnings per share. As a group, sell-side analysts forecast that Mr. Cooper Group will post 13.17 EPS for the current year.

Mr. Cooper Group Announces Dividend

The business also recently announced a special dividend, which was paid on Tuesday, October 7th. Shareholders 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 dividend payout ratio (DPR) is 22.88%.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 633,187 shares of the company’s stock, valued at approximately $115,512,304.41. The trade was a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Mr. Cooper Group

Institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its position in shares of Mr. Cooper Group by 11.8% during the first quarter. Invesco Ltd. now owns 2,013,536 shares of the company’s stock worth $240,819,000 after buying an additional 213,167 shares during the period. Norges Bank acquired a new position in Mr. Cooper Group during the 2nd quarter worth about $258,538,000. Third Point LLC purchased a new position in Mr. Cooper Group during the 2nd quarter valued at about $138,019,000. Qube Research & Technologies Ltd boosted its holdings in Mr. Cooper Group by 154.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 803,131 shares of the company’s stock valued at $119,835,000 after acquiring an additional 487,503 shares during the period. Finally, Basswood Capital Management L.L.C. grew its position in Mr. Cooper Group by 15.2% in the 2nd quarter. Basswood Capital Management L.L.C. now owns 539,047 shares of the company’s stock valued at $80,431,000 after acquiring an additional 70,934 shares in the last quarter. 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.