Wells Fargo & Company MN Has $2.81 Million Position in Nationstar Mortgage Holdings Inc (NSM)

Wells Fargo & Company MN boosted its position in Nationstar Mortgage Holdings Inc (NYSE:NSM) by 15.9% in the 3rd quarter, Holdings Channel reports. The firm owned 151,223 shares of the financial services provider’s stock after purchasing an additional 20,698 shares during the period. Wells Fargo & Company MN’s holdings in Nationstar Mortgage were worth $2,809,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its stake in shares of Nationstar Mortgage by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 154,165 shares of the financial services provider’s stock valued at $2,759,000 after acquiring an additional 1,751 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Nationstar Mortgage by 61.1% during the 2nd quarter. First Trust Advisors LP now owns 45,496 shares of the financial services provider’s stock valued at $814,000 after acquiring an additional 17,255 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Nationstar Mortgage by 256.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 4,332 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Nationstar Mortgage by 11.9% during the 2nd quarter. American Century Companies Inc. now owns 110,491 shares of the financial services provider’s stock valued at $1,977,000 after acquiring an additional 11,708 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Nationstar Mortgage by 75.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 156,693 shares of the financial services provider’s stock valued at $2,803,000 after acquiring an additional 67,578 shares during the last quarter. 98.42% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on NSM shares. ValuEngine downgraded shares of Nationstar Mortgage from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 price objective on shares of Nationstar Mortgage in a research note on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 price objective on shares of Nationstar Mortgage in a research note on Thursday. Finally, Zacks Investment Research raised shares of Nationstar Mortgage from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.67.

Shares of Nationstar Mortgage Holdings Inc (NYSE:NSM) opened at $18.94 on Friday. The stock has a market cap of $1,850.00, a P/E ratio of 10.24 and a beta of 1.41. Nationstar Mortgage Holdings Inc has a 1 year low of $14.67 and a 1 year high of $20.71. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 6.26.

Nationstar Mortgage (NYSE:NSM) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $406.00 million during the quarter, compared to the consensus estimate of $481.67 million. Nationstar Mortgage had a net margin of 9.34% and a return on equity of 8.88%. During the same quarter in the prior year, the company earned $0.52 EPS. analysts expect that Nationstar Mortgage Holdings Inc will post 1.5 earnings per share for the current year.

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About Nationstar Mortgage

Nationstar Mortgage Holdings Inc provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Company operates through three segments: Servicing, Originations and Xome. The Company provides residential loan services in the United States.

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Institutional Ownership by Quarter for Nationstar Mortgage (NYSE:NSM)

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