Mr. Cooper
COOP

$94.54

2.16%

Market Cap: 6.12B

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

Financials Finance Services

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 16 analysts

0

News positive %

of 9 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

33% more call options, than puts

Call options by funds: $78.3M | Put options by funds: $59M

29% more funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 9 (+2) [Q1 2024]

16% more capital invested

Capital invested by funds: $3.78B [Q4 2023] → $4.39B (+$614M) [Q1 2024]

0% more funds holding

Funds holding: 310 [Q4 2023] → 310 (+0) [Q1 2024]

0% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 44

0.79% less ownership

Funds ownership: 88.07% [Q4 2023] → 87.28% (-0.79%) [Q1 2024]

34% less repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 131

See Fund Rankings

Research analyst outlook

16 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$80

15%

downside

Avg. target

$93

2%

downside

High target

$115

22%

upside

16 analyst ratings

13 positive

81%

3 neutral

19%

0 negative

0%

Barclays Mark Devries	9%upside $103	Overweight Maintained	26 Jul 2024
Wedbush Jay McCanless	22%upside $115	Outperform Maintained	26 Jul 2024
Piper Sandler Crispin Love	12%upside $106	Overweight Maintained	26 Jul 2024
Keefe, Bruyette & Woods Bose George	2%upside $96	Market Perform Reiterated	26 Jul 2024
Keefe, Bruyette & Woods Bose George	0%upside $95	Market Perform Downgraded	22 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 9 articles about COOP published over the past 30 days

Mr. Cooper Group Inc. (COOP) Q2 2024 Earnings Call Transcript

Mr. Cooper Group Inc. (NASDAQ:COOP ) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants Ken Posner - Senior Vice President, Strategic Planning & Investor Relations Jay Bray - Chairman & Chief Executive Officer Mike Weinbach - President Kurt Johnson - Executive Vice President & Chief Financial Officer Conference Call Participants Terry Ma - Barclays Mark DeVries - Deutsche Bank Bose George - KBW Crispin Love - Piper Sandler Doug Harter - UBS Shanna Qiu - Barclays Eric Hagen - BTIG Derek Sommers - Jefferies Giuliano Bologna - Compass Point Brian Violino - Wedbush Securities Operator Good day, and thank you for standing by. Welcome to the Mr.

Mr. Cooper Group Inc. (COOP) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Mr Cooper (COOP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Mr Cooper (COOP) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Mr Cooper (COOP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Mr Cooper (COOP) Beats Q2 Earnings and Revenue Estimates

Mr Cooper (COOP) came out with quarterly earnings of $2.52 per share, beating the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $1.66 per share a year ago.

Mr Cooper (COOP) Beats Q2 Earnings and Revenue Estimates

FLAGSTAR BANK, N.A. ANNOUNCES SALE OF ITS MORTGAGE SERVICING BUSINESS

TRANSACTION ADDS 60 BASIS POINTS TO CET1 RATIO AND ACCELERATES TRANSITION TO A LEADING DIVERSIFIED, FULL-SERVICE REGIONAL BANK HICKSVILLE, N.Y. , July 25, 2024 /PRNewswire/ -- Flagstar Bank, N.A.

FLAGSTAR BANK, N.A. ANNOUNCES SALE OF ITS MORTGAGE SERVICING BUSINESS

Mr. Cooper Group Reports Second Quarter 2024 Results and Announces Acquisition of Mortgage Operations From Flagstar

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) (the “Company”), reported second quarter income before income tax expense of $277 million and net income of $204 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $219 million. Adjustments included other mark-to-market net of hedges of $68 million and other items shown below in the reconciliation of GAAP and non-GAAP results. The acquisition of Flagstar's mortgage operation.

Mr. Cooper Group Reports Second Quarter 2024 Results and Announces Acquisition of Mortgage Operations From Flagstar

6 Stocks That Have Come Too Far, Too Fast

The small-cap rally saw shares of some companies rise more than fundamentals suggest they should have.

6 Stocks That Have Come Too Far, Too Fast

Zacks Investment Research

Mr Cooper (COOP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Mr Cooper (COOP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mr Cooper (COOP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Jaime Gow Joins Sagent As CFO After Helping Mr. Cooper Become Largest U.S. Mortgage Servicer

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Sagent, a fintech company modernizing mortgage and consumer loan servicing for America's top banks and lenders, today appointed bank and nonbank finance executive Jaime Gow as Chief Financial Officer. Previously, Gow served as CFO of America's largest mortgage servicer, Mr. Cooper, and as head of banking finance at First Horizon Bank. "Jaime has led at companies ranging from de novo banks, to leading regional banks, to industry leaders such as Mr. Cooper,”.

Jaime Gow Joins Sagent As CFO After Helping Mr. Cooper Become Largest U.S. Mortgage Servicer

Mr. Cooper Group Inc. to Discuss Second Quarter 2024 Financial Results on July 25, 2024

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) will discuss its financial results for the second quarter 2024 on July 25, 2024 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant.

Mr. Cooper Group Inc. to Discuss Second Quarter 2024 Financial Results on July 25, 2024

Zacks Investment Research

Best Value Stocks to Buy for June 12th

UPLD, COOP and AZZ made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 12, 2024.

Best Value Stocks to Buy for June 12th

See News Rankings