JMP Securities initiated coverage on Mr. Cooper Group with a new price target
$COOP
Finance: Consumer Services
Finance
JMP Securities initiated coverage of Mr. Cooper Group with a rating of Mkt Outperform and set a new price target of $115.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/4/2025 | $143.00 | Overweight → Neutral | Piper Sandler |
| 1/14/2025 | $115.00 | Mkt Outperform | JMP Securities |
| 7/22/2024 | $95.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 1/10/2024 | $88.00 | Buy | Deutsche Bank |
| 12/6/2023 | $80.00 | Buy | UBS |
| 11/15/2023 | $74.00 | Overweight | Barclays |
| 10/2/2023 | $62.00 → $65.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/21/2022 | Neutral | BTIG Research |
Piper Sandler downgraded Mr. Cooper Group from Overweight to Neutral and set a new price target of $143.00
JMP Securities initiated coverage of Mr. Cooper Group with a rating of Mkt Outperform and set a new price target of $115.00
Keefe Bruyette downgraded Mr. Cooper Group from Outperform to Mkt Perform and set a new price target of $95.00
Reported net income of $88 million including other mark-to-market of ($82) million, equivalent to ROCE of 7.3% and operating ROTCE of 16.8% Servicing portfolio grew 33% y/y to $1,514 billion Won 2024 Fannie Mae Star Award Announced combination with Rocket Companies Mr. Cooper Group Inc. (NASDAQ:COOP) (the "Company"), reported first quarter income before income tax expense of $95 million and net income of $88 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $255 million. Adjustments included other mark-to-market net of hedges of $82 million and other items shown below in the reconciliation of GAAP and non-GAAP results. C
Mr. Cooper Group Inc. (NASDAQ:COOP) will release its first quarter 2025 financial results on April 23, 2025 at 7:00 A.M. Eastern Time. The press release, investor presentation, and a recording of prepared remarks will be available under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. About Mr. Cooper Group Inc. Mr. Cooper Group Inc. (NASDAQ:COOP) 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®, Xome®, and Rushmore Servicing®. Mr. Cooper is the largest home loan servicer in the country focused on delivering a v
Combined company to service more than $2.1 trillion in loan volumeIntegrating Rocket's originations-servicing recapture flywheel with Mr. Cooper's servicing platform will drive down costs and improve the experience for the companies' nearly 10 million combined clients, representing one in every six mortgagesTransaction is expected to generate annual run-rate revenue and cost synergies of approximately $500 million, contributing to organic revenue growth while increasing operating leverage and maintaining significant capital and liquidity. This announcement follows Rocket's recent agreement to acquire digital brokerage platform RedfinCompanies to host conference call and webcast today at 8:00
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
8-K - Mr. Cooper Group Inc. (0000933136) (Filer)
425 - Mr. Cooper Group Inc. (0000933136) (Subject)
10-Q - Mr. Cooper Group Inc. (0000933136) (Filer)
SC 13G/A - Mr. Cooper Group Inc. (0000933136) (Subject)
SC 13G/A - Mr. Cooper Group Inc. (0000933136) (Subject)
SC 13G/A - Mr. Cooper Group Inc. (0000933136) (Subject)
Reported net income of $88 million including other mark-to-market of ($82) million, equivalent to ROCE of 7.3% and operating ROTCE of 16.8% Servicing portfolio grew 33% y/y to $1,514 billion Won 2024 Fannie Mae Star Award Announced combination with Rocket Companies Mr. Cooper Group Inc. (NASDAQ:COOP) (the "Company"), reported first quarter income before income tax expense of $95 million and net income of $88 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $255 million. Adjustments included other mark-to-market net of hedges of $82 million and other items shown below in the reconciliation of GAAP and non-GAAP results. C
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today that Mike Rawls, Chief Executive Officer of Xome®, plans to retire effective June 30, 2025, and Chris Marshall, former Vice Chairman and President at Mr. Cooper, will join Xome to lead its operations. Rawls and Marshall will work together over the coming months to ensure a smooth transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250109604730/en/Mike Rawls plans to retire as CEO of Xome, effective June 30, 2025. (Photo: Business Wire) "Since taking on the role of CEO in 2020, Mike has skillfully led Xome to become the powerhouse real estate marketplace it is today, with
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today the appointment of Andrew Bon Salle to its board of directors, effective January 1, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241216488517/en/(Photo: Business Wire) Bon Salle brings more than 30 years of experience in capital markets, risk management, securitization and mortgage policy leadership within the home lending sector. Most recently, he served as Chairman of the Board of Directors of Home Point Capital Inc. Prior to that, he was Executive Vice President of the Single-Family Mortgage business at Fannie Mae where he oversaw capital market functions, managed cu
Mr. Cooper Group Inc. (NASDAQ:COOP) will release its first quarter 2025 financial results on April 23, 2025 at 7:00 A.M. Eastern Time. The press release, investor presentation, and a recording of prepared remarks will be available under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. About Mr. Cooper Group Inc. Mr. Cooper Group Inc. (NASDAQ:COOP) 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®, Xome®, and Rushmore Servicing®. Mr. Cooper is the largest home loan servicer in the country focused on delivering a v
Combined company to service more than $2.1 trillion in loan volumeIntegrating Rocket's originations-servicing recapture flywheel with Mr. Cooper's servicing platform will drive down costs and improve the experience for the companies' nearly 10 million combined clients, representing one in every six mortgagesTransaction is expected to generate annual run-rate revenue and cost synergies of approximately $500 million, contributing to organic revenue growth while increasing operating leverage and maintaining significant capital and liquidity. This announcement follows Rocket's recent agreement to acquire digital brokerage platform RedfinCompanies to host conference call and webcast today at 8:00
Reported net income of $204 million including other mark-to-market of $92 million, equivalent to ROCE of 17.3% and operating ROTCE of 15.8% Book value per share and tangible book value per share increased to $75.70 and $71.61 Servicing portfolio grew 57% y/y to $1,556 billion Repurchased 0.4 million shares of common stock for $38 million Completed acquisition of Flagstar's mortgage operations Recognized as the top mortgage servicer by Freddie Mac, receiving 2024 SHARP Gold Award Mr. Cooper Group Inc. (NASDAQ:COOP) (the "Company"), reported fourth quarter income before income tax expense of $280 and net income of $204 million. Excluding other mark-to-market and other