Nomura (NYSE:NMR) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Nomura from “Buy” to “Hold,” while the broader analyst consensus remains “Buy” with an average price target of $10.20.
• Nomura shares opened at $9.39, compared with a 52-week range of $6.88 to $10.94. The company reported quarterly EPS of $0.22, beating estimates of $0.20, although revenue of $3.86 billion fell short of the $4.12 billion consensus.
• Institutional investors and hedge funds own 15.14% of Nomura, with several major firms increasing their positions during recent quarters.

Nomura (NYSE:NMR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings downgraded Nomura from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 23rd. Zacks Research raised Nomura from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Nomura has an average rating of "Buy" and an average target price of $10.20.

Nomura Price Performance

NMR opened at $9.39 on Friday. The business's 50-day moving average is $9.84 and its two-hundred day moving average is $9.02. Nomura has a 1 year low of $6.88 and a 1 year high of $10.94. The company has a debt-to-equity ratio of 7.79, a current ratio of 1.07 and a quick ratio of 2.00. The firm has a market capitalization of $27.55 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 1.04 and a beta of 0.74.

Nomura (NYSE:NMR - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. Nomura had a net margin of 8.06% and a return on equity of 10.51%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.12 billion. Research analysts anticipate that Nomura will post 1.00 earnings per share for the current fiscal year.

Institutional Trading of Nomura

A number of institutional investors have recently bought and sold shares of the stock. Quantinno Capital Management LP boosted its position in Nomura by 18.4% in the first quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider's stock valued at $20,097,000 after buying an additional 395,656 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Nomura by 27.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider's stock worth $18,244,000 after buying an additional 491,400 shares during the period. Gradient Investments LLC raised its position in Nomura by 7.4% during the 2nd quarter. Gradient Investments LLC now owns 638,711 shares of the financial services provider's stock worth $5,608,000 after buying an additional 43,849 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Nomura by 7.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 523,616 shares of the financial services provider's stock worth $4,131,000 after buying an additional 37,399 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Nomura by 1.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 293,827 shares of the financial services provider's stock worth $2,815,000 after buying an additional 5,389 shares during the last quarter. 15.14% of the stock is currently owned by institutional investors and hedge funds.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group that provides investment, financing, and asset management services to individuals, corporations, financial institutions, and governments. Through its businesses, the company offers securities brokerage, investment banking, capital markets, research, advisory services, wealth management, and investment management.

Nomura's principal operations are organized around its wealth management, investment management, and wholesale divisions.

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