Wells Fargo & Company MN Acquires 20,698 Shares of Nationstar Mortgage Holdings Inc (NYSE:NSM)

Wells Fargo & Company MN increased its position in shares of Nationstar Mortgage Holdings Inc (NYSE:NSM) by 15.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 151,223 shares of the financial services provider’s stock after buying an additional 20,698 shares during the period. Wells Fargo & Company MN owned 0.15% of Nationstar Mortgage worth $2,809,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Nationstar Mortgage by 16.5% in the second quarter. Vanguard Group Inc. now owns 3,063,878 shares of the financial services provider’s stock valued at $54,813,000 after buying an additional 434,111 shares during the last quarter. FMR LLC raised its position in shares of Nationstar Mortgage by 73.5% in the second quarter. FMR LLC now owns 683,532 shares of the financial services provider’s stock valued at $12,228,000 after buying an additional 289,637 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Nationstar Mortgage by 2,308.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 681,716 shares of the financial services provider’s stock valued at $12,196,000 after buying an additional 653,407 shares during the last quarter. State Street Corp raised its position in shares of Nationstar Mortgage by 3.7% in the second quarter. State Street Corp now owns 649,148 shares of the financial services provider’s stock valued at $11,611,000 after buying an additional 22,878 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Nationstar Mortgage by 72.0% in the second quarter. Dimensional Fund Advisors LP now owns 619,884 shares of the financial services provider’s stock valued at $11,090,000 after buying an additional 259,460 shares during the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nationstar Mortgage Holdings Inc (NSM) traded down $0.07 on Friday, hitting $17.72. 326,386 shares of the company’s stock were exchanged, compared to its average volume of 261,982. Nationstar Mortgage Holdings Inc has a 1-year low of $14.67 and a 1-year high of $20.71. The firm has a market capitalization of $1,731.70, a PE ratio of 9.33 and a beta of 1.22. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 6.26.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Nationstar Mortgage from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Piper Jaffray Companies restated a “hold” rating and set a $18.00 price objective on shares of Nationstar Mortgage in a research report on Thursday, January 11th. ValuEngine cut shares of Nationstar Mortgage from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price objective on shares of Nationstar Mortgage in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.78.

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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.

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

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