Mr. Cooper Group (NASDAQ:COOP) Now Covered by JMP Securities

Investment analysts at JMP Securities started coverage on shares of Mr. Cooper Group (NASDAQ:COOP) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $115.00 price target on the stock. JMP Securities’ price target suggests a potential upside of 14.97% from the company’s previous close.

A number of other research firms also recently issued reports on COOP. Compass Point lifted their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Wedbush reissued an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Finally, Barclays raised their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mr. Cooper Group currently has an average rating of “Moderate Buy” and a consensus target price of $102.38.

Mr. Cooper Group Trading Up 3.6 %

COOP opened at $100.03 on Tuesday. The firm’s fifty day simple moving average is $96.41 and its 200 day simple moving average is $91.98. The stock has a market capitalization of $6.40 billion, a P/E ratio of 12.92, a P/E/G ratio of 0.27 and a beta of 1.43. Mr. Cooper Group has a 12 month low of $61.38 and a 12 month high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.30. The company had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. During the same period in the prior year, the firm earned $2.79 earnings per share. Mr. Cooper Group’s revenue for the quarter was up 32.8% compared to the same quarter last year. On average, equities research analysts predict that Mr. Cooper Group will post 10.18 EPS for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the transaction, the chief executive officer now owns 788,821 shares in the company, valued at approximately $76,973,153.18. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 90,000 shares of company stock worth $8,414,400 in the last ninety days. Insiders own 2.33% of the company’s stock.

Institutional Trading of Mr. Cooper Group

Several institutional investors and hedge funds have recently bought and sold shares of COOP. ORG Partners LLC acquired a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $51,000. Range Financial Group LLC bought a new position in Mr. Cooper Group during the fourth quarter worth $1,091,000. Oliver Luxxe Assets LLC increased its holdings in shares of Mr. Cooper Group by 5.8% in the fourth quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company’s stock valued at $3,988,000 after purchasing an additional 2,259 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Mr. Cooper Group in the third quarter valued at about $2,459,000. Finally, World Investment Advisors LLC acquired a new stake in shares of Mr. Cooper Group during the 3rd quarter worth about $2,537,000. Institutional investors 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.