Spire Wealth Management Takes $1.48 Million Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Spire Wealth Management bought a new position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,418 shares of the company's stock, valued at approximately $1,480,000.

Several other hedge funds also recently made changes to their positions in the company. Penbrook Management LLC grew its position in shares of Mr. Cooper Group by 37.9% in the 4th quarter. Penbrook Management LLC now owns 15,725 shares of the company's stock worth $1,510,000 after acquiring an additional 4,325 shares in the last quarter. KBC Group NV lifted its holdings in shares of Mr. Cooper Group by 88.7% during the fourth quarter. KBC Group NV now owns 3,306 shares of the company's stock valued at $317,000 after purchasing an additional 1,554 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Mr. Cooper Group by 94.2% during the fourth quarter. Blue Trust Inc. now owns 1,111 shares of the company's stock valued at $102,000 after purchasing an additional 539 shares during the last quarter. CX Institutional lifted its holdings in shares of Mr. Cooper Group by 3.7% during the fourth quarter. CX Institutional now owns 16,211 shares of the company's stock valued at $1,556,000 after purchasing an additional 579 shares during the last quarter. Finally, Dakota Wealth Management lifted its stake in Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

Mr. Cooper Group Stock Up 0.8 %

Shares of COOP stock traded up $0.82 during mid-day trading on Thursday, reaching $105.56. The stock had a trading volume of 378,526 shares, compared to its average volume of 487,993. The firm's 50 day simple moving average is $98.12 and its 200 day simple moving average is $94.21. Mr. Cooper Group Inc. has a one year low of $65.80 and a one year high of $107.85. The firm has a market cap of $6.75 billion, a PE ratio of 13.64, a P/E/G ratio of 0.30 and a beta of 1.43.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JMP Securities started coverage on Mr. Cooper Group in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $115.00 price objective for the company. Citizens Jmp raised Mr. Cooper Group to a "strong-buy" rating in a report on Tuesday, January 14th. Piper Sandler increased their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Compass Point increased their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Wedbush reissued an "outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $104.13.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the transaction, the chief executive officer now owns 788,821 shares in the company, valued at $76,973,153.18. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Company Profile

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.