Mr. CooperCOOP
Market Cap: $5.76B
About: Mr. Cooper Group Inc is a home loan servicer. The company focuses on delivering a variety of servicing and lending products. It has operating segments namely Servicing segment which performs operational activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, and customer service, The Originations segment originates residential mortgage loans through a direct-to-consumer channel, which provides refinance options for existing customers, and through a correspondent channel, which purchases or originates loans from mortgage bankers and brokers, and the Corporate segment. The Servicing segment of the company generates maximum revenue.
Employees: 6,800
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 38
6% more funds holding
Funds holding: 315 [Q1] → 334 (+19) [Q2]
1% more capital invested
Capital invested by funds: $4.54B [Q1] → $4.59B (+$51.4M) [Q2]
1% more call options, than puts
Call options by funds: $51.7M | Put options by funds: $51.5M
2.48% less ownership
Funds ownership: 90.25% [Q1] → 87.77% (-2.48%) [Q2]
12% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 122
33% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 6 (-3) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Barclays Mark Devries 76% 1-year accuracy 22 / 29 met price target | 15%upside $103 | Overweight Maintained | 26 Jul 2024 |
Wedbush Jay McCanless 55% 1-year accuracy 37 / 67 met price target | 29%upside $115 | Outperform Maintained | 26 Jul 2024 |
Piper Sandler Crispin Love 40% 1-year accuracy 10 / 25 met price target | 19%upside $106 | Overweight Maintained | 26 Jul 2024 |
Keefe, Bruyette & Woods Bose George 91% 1-year accuracy 32 / 35 met price target | 7%upside $96 | Market Perform Reiterated | 26 Jul 2024 |
Keefe, Bruyette & Woods Bose George 91% 1-year accuracy 32 / 35 met price target | 6%upside $95 | Market Perform Downgraded | 22 Jul 2024 |
Financial journalist opinion
Based on 4 articles about COOP published over the past 30 days