Bank of New York Mellon Corp raised its stake in shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 224,707 shares of the company’s stock after buying an additional 12,409 shares during the period. Bank of New York Mellon Corp owned about 0.22% of Nationstar Mortgage Holdings worth $2,530,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. UBS Group AG raised its stake in Nationstar Mortgage Holdings by 96.2% in the first quarter. UBS Group AG now owns 177,752 shares of the company’s stock worth $1,760,000 after buying an additional 87,157 shares during the period. State Street Corp raised its stake in Nationstar Mortgage Holdings by 2.0% in the first quarter. State Street Corp now owns 596,579 shares of the company’s stock worth $5,912,000 after buying an additional 11,578 shares during the period. HBK Investments L P bought a new stake in Nationstar Mortgage Holdings during the first quarter worth about $244,000. JPMorgan Chase & Co. raised its stake in Nationstar Mortgage Holdings by 634,841.7% in the first quarter. JPMorgan Chase & Co. now owns 228,579 shares of the company’s stock worth $2,263,000 after buying an additional 228,543 shares during the period. Finally, Pacad Investment Ltd. bought a new stake in Nationstar Mortgage Holdings during the first quarter worth about $433,000.
Nationstar Mortgage Holdings Inc. (NYSE:NSM) traded down 0.27% on Monday, reaching $14.77. The company’s stock had a trading volume of 195,405 shares. The stock’s 50 day moving average is $15.56 and its 200-day moving average is $12.70. Nationstar Mortgage Holdings Inc. has a 52 week low of $8.29 and a 52 week high of $16.60. The firm’s market capitalization is $1.48 billion.
Nationstar Mortgage Holdings (NYSE:NSM) last posted its earnings results on Wednesday, August 3rd. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. Nationstar Mortgage Holdings had a positive return on equity of 8.98% and a negative net margin of 3.92%. The company had revenue of $346 million for the quarter, compared to analyst estimates of $369.92 million. During the same period last year, the company earned $0.32 earnings per share. The business’s revenue was down 45.5% compared to the same quarter last year. Analysts predict that Nationstar Mortgage Holdings Inc. will post $1.28 EPS for the current year.
A number of research firms have recently issued reports on NSM. Zacks Investment Research lowered Nationstar Mortgage Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 29th. Credit Suisse Group AG reiterated an “outperform” rating on shares of Nationstar Mortgage Holdings in a research note on Wednesday, July 6th. Keefe, Bruyette & Woods increased their target price on Nationstar Mortgage Holdings from $12.00 to $14.50 and gave the company a “market perform” rating in a research note on Thursday, August 4th. Barclays PLC increased their target price on Nationstar Mortgage Holdings from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. began coverage on Nationstar Mortgage Holdings in a research note on Friday, September 9th. They issued a “neutral” rating and a $15.50 target price for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.11.
About Nationstar Mortgage Holdings
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 also operate an integrated residential loan origination platform that is primarily focused on customer retention.
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