Nationstar Mortgage Holdings Inc. (NYSE:NSM)‘s stock had its “hold” rating reissued by stock analysts at Keefe, Bruyette & Woods in a report issued on Thursday. They presently have a $20.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 0.84% from the company’s current price.

A number of other equities analysts also recently commented on the company. Zacks Investment Research downgraded Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. ValuEngine raised Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th. BidaskClub cut Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Piper Jaffray Companies reaffirmed a “sell” rating and issued a $15.00 price objective on shares of Nationstar Mortgage Holdings in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Nationstar Mortgage Holdings currently has an average rating of “Hold” and a consensus target price of $18.50.

Nationstar Mortgage Holdings (NYSE:NSM) traded up 5.93% on Thursday, reaching $20.17. The company had a trading volume of 1,967,101 shares. The stock’s 50 day moving average is $18.12 and its 200-day moving average is $17.48. The stock has a market capitalization of $1.97 billion, a P/E ratio of 8.82 and a beta of 1.38. Nationstar Mortgage Holdings has a 1-year low of $14.48 and a 1-year high of $20.71.

Nationstar Mortgage Holdings (NYSE:NSM) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.09. The firm had revenue of $380.00 million for the quarter, compared to analyst estimates of $506.30 million. Nationstar Mortgage Holdings had a return on equity of 9.64% and a net margin of 10.52%. During the same period in the previous year, the company posted $0.52 earnings per share. On average, equities analysts predict that Nationstar Mortgage Holdings will post $1.28 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Nationstar Mortgage Holdings Inc. (NSM) Rating Reiterated by Keefe, Bruyette & Woods” was published by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/26/nationstar-mortgage-holdings-inc-nsm-rating-reiterated-by-keefe-bruyette-woods.html.

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Nationstar Mortgage Holdings during the 1st quarter valued at approximately $103,000. BNP Paribas Arbitrage SA raised its stake in Nationstar Mortgage Holdings 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. Cubist Systematic Strategies LLC purchased a new stake in Nationstar Mortgage Holdings during the 2nd quarter valued at approximately $160,000. Two Sigma Securities LLC purchased a new stake in Nationstar Mortgage Holdings during the 1st quarter valued at approximately $161,000. Finally, Stifel Financial Corp raised its stake in Nationstar Mortgage Holdings by 10.5% during the 1st quarter. Stifel Financial Corp now owns 13,125 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 1,245 shares during the last quarter. 99.03% of the stock is owned by hedge funds and other institutional investors.

Nationstar Mortgage Holdings Company Profile

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.

Analyst Recommendations for Nationstar Mortgage Holdings (NYSE:NSM)

Receive News & Ratings for Nationstar Mortgage Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nationstar Mortgage Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.