Spire Wealth Management Buys New Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Spire Wealth Management purchased a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 15,418 shares of the company’s stock, valued at approximately $1,480,000.

Several other institutional investors also recently bought and sold shares of COOP. Quarry LP acquired a new position in Mr. Cooper Group in the 2nd quarter valued at $29,000. Financial Management Professionals Inc. acquired a new position in Mr. Cooper Group in the 3rd quarter valued at $30,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after buying an additional 270 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth $51,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Mr. Cooper Group during the 3rd quarter worth $52,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on COOP shares. Barclays upped their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Wedbush reaffirmed an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Compass Point upped their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, JMP Securities started coverage on shares of Mr. Cooper Group in a research report on Tuesday, January 14th. They set an “outperform” rating and a $115.00 price target for the company. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.13.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the sale, the chief executive officer now owns 788,821 shares in the company, valued at $76,973,153.18. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Performance

Shares of COOP stock opened at $103.03 on Tuesday. Mr. Cooper Group Inc. has a one year low of $65.54 and a one year high of $107.85. The company’s 50-day simple moving average is $97.88 and its 200-day simple moving average is $94.02. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.30 and a beta of 1.43.

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.