Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) CEO Michael R. Rawls sold 27,000 shares of the business's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the transaction, the chief executive officer now directly owns 57,623 shares in the company, valued at approximately $4,735,458.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Mr. Cooper Group Stock Performance
Shares of COOP opened at $83.93 on Friday. The stock has a fifty day moving average price of $76.50 and a two-hundred day moving average price of $68.24. Mr. Cooper Group Inc. has a 52-week low of $42.40 and a 52-week high of $84.00. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 8.79 and a beta of 1.41.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. The firm had revenue of $564.00 million during the quarter, compared to analysts' expectations of $498.15 million. As a group, research analysts predict that Mr. Cooper Group Inc. will post 9.48 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
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COOP has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 price target (up previously from $86.00) on shares of Mr. Cooper Group in a research note on Thursday, April 25th. Barclays upped their target price on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. Wedbush raised their price target on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft increased their target price on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. Finally, Jefferies Financial Group boosted their price target on Mr. Cooper Group from $74.00 to $80.00 and gave the company a "hold" rating in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.22.
View Our Latest Research Report on Mr. Cooper Group
Institutional Investors Weigh In On Mr. Cooper Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Mr. Cooper Group by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company's stock worth $496,608,000 after acquiring an additional 391,780 shares in the last quarter. Wellington Management Group LLP lifted its stake in Mr. Cooper Group by 1.5% in the fourth quarter. Wellington Management Group LLP now owns 1,714,900 shares of the company's stock valued at $111,674,000 after buying an additional 25,351 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Mr. Cooper Group by 12.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company's stock valued at $103,787,000 after buying an additional 182,014 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Mr. Cooper Group by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 768,848 shares of the company's stock worth $50,067,000 after acquiring an additional 37,823 shares in the last quarter. Finally, Norges Bank bought a new stake in Mr. Cooper Group in the 4th quarter valued at $47,104,000. Institutional investors own 89.82% of the company's stock.
About Mr. Cooper Group
(
Get Free Report)
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.
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