Blue Trust Inc. Boosts Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Blue Trust Inc. increased its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 94.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,111 shares of the company’s stock after acquiring an additional 539 shares during the quarter. Blue Trust Inc.’s holdings in Mr. Cooper Group were worth $102,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after purchasing an additional 145,767 shares during the period. Basswood Capital Management L.L.C. lifted its holdings in Mr. Cooper Group by 36.6% in the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock worth $45,744,000 after buying an additional 132,970 shares during the period. Assenagon Asset Management S.A. boosted its position in Mr. Cooper Group by 11.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock valued at $114,988,000 after acquiring an additional 125,055 shares in the last quarter. Barclays PLC grew its holdings in shares of Mr. Cooper Group by 198.0% during the 3rd quarter. Barclays PLC now owns 132,017 shares of the company’s stock worth $12,170,000 after acquiring an additional 87,712 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after acquiring an additional 52,001 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the sale, the chief executive officer now directly owns 758,821 shares in the company, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Up 0.8 %

Shares of COOP stock opened at $105.56 on Friday. Mr. Cooper Group Inc. has a 52 week low of $65.80 and a 52 week high of $107.85. The firm has a market capitalization of $6.75 billion, a PE ratio of 13.64, a P/E/G ratio of 0.30 and a beta of 1.43. The company has a 50 day moving average price of $98.26 and a 200-day moving average price of $94.28.

Analyst Ratings Changes

COOP has been the topic of several recent research reports. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Compass Point increased 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 note on Thursday, October 24th. Wedbush reissued an “outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, October 24th. JMP Securities began coverage on shares of Mr. Cooper Group in a report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 price objective on the stock. Finally, Piper Sandler lifted their target price on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $104.13.

About Mr. Cooper Group

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.