Fintel reports that on January 14, 2025, JMP Securities initiated coverage of Mr. Cooper Group (NasdaqCM:COOP) with a Market Outperform recommendation.
Analyst Price Forecast Suggests 17.85% Upside
As of December 23, 2024, the average one-year price target for Mr. Cooper Group is $113.73/share. The forecasts range from a low of $101.00 to a high of $132.30. The average price target represents an increase of 17.85% from its latest reported closing price of $96.50 / share.
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The projected annual revenue for Mr. Cooper Group is 1,978MM, an increase of 0.15%. The projected annual non-GAAP EPS is 10.82.
What is the Fund Sentiment?
There are 733 funds or institutions reporting positions in Mr. Cooper Group. This is an increase of 7 owner(s) or 0.96% in the last quarter. Average portfolio weight of all funds dedicated to COOP is 0.35%, an increase of 2.76%. Total shares owned by institutions increased in the last three months by 9.50% to 69,922K shares. 
The put/call ratio of COOP is 0.73, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 4,118K shares representing 6.44% ownership of the company. In its prior filing, the firm reported owning 4,197K shares , representing a decrease of 1.92%. The firm decreased its portfolio allocation in COOP by 0.09% over the last quarter.
Cooperman Leon G holds 2,861K shares representing 4.47% ownership of the company. No change in the last quarter.
Diamond Hill Capital Management holds 2,055K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 2,148K shares , representing a decrease of 4.53%. The firm increased its portfolio allocation in COOP by 2.68% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,922K shares representing 3.00% ownership of the company. In its prior filing, the firm reported owning 1,919K shares , representing an increase of 0.16%. The firm increased its portfolio allocation in COOP by 6.75% over the last quarter.
Invesco holds 1,711K shares representing 2.67% ownership of the company. In its prior filing, the firm reported owning 1,478K shares , representing an increase of 13.61%. The firm decreased its portfolio allocation in COOP by 89.69% over the last quarter.
Mr. Cooper Group Background Information
(This description is provided by the company.)
Mr. Cooper Group Inc. provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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