Wall Street Zen Downgrades Nomura (NYSE:NMR) to Hold

Key Points

• Wall Street Zen downgraded Nomura from “Buy” to “Hold,” though broader analyst sentiment remains positive, with a consensus “Buy” rating and a $10.20 price target.
• Nomura shares opened at $10.06 after rising 3.0%, trading near their 12-month high of $10.94; the company recently reported quarterly EPS of $0.30 on $4.19 billion in revenue.
• Several institutional investors increased their Nomura holdings, and institutional ownership stands at 15.14% of outstanding shares.

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

Several other research firms have also recently weighed in on NMR. Bank of America raised Nomura from a "neutral" rating to a "buy" rating and set a $10.20 price target for the company in a report on Thursday, June 25th. Weiss Ratings upgraded Nomura from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 17th. Zacks Research raised Nomura from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Finally, Nomura raised shares of Nomura to a "buy" rating and set a $10.20 target price for the company in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $10.20.

Nomura Stock Up 3.0%

Nomura stock opened at $10.06 on Friday. The stock has a market cap of $29.53 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.11 and a beta of 0.70. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.06. Nomura has a twelve month low of $6.71 and a twelve month high of $10.94. The company's 50-day moving average price is $10.01 and its two-hundred day moving average price is $8.95.

Nomura (NYSE:NMR - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%.The company had revenue of $4.19 billion during the quarter. As a group, analysts expect that Nomura will post 0.98 EPS for the current year.

Hedge Funds Weigh In On Nomura

A number of hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in shares of Nomura by 27.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider's stock valued at $18,244,000 after purchasing an additional 491,400 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Nomura by 18.4% during the 1st quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider's stock worth $20,097,000 after buying an additional 395,656 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in Nomura by 2.2% in the fourth quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider's stock valued at $106,516,000 after buying an additional 274,787 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Nomura by 236.2% in the first quarter. Sequoia Financial Advisors LLC now owns 166,873 shares of the financial services provider's stock valued at $1,317,000 after acquiring an additional 117,233 shares during the last quarter. Finally, Vise Technologies Inc. grew its position in Nomura by 227.7% in the second quarter. Vise Technologies Inc. now owns 153,947 shares of the financial services provider's stock valued at $1,352,000 after acquiring an additional 106,974 shares during the last quarter. Institutional investors own 15.14% of the company's stock.

About Nomura

Nomura Holdings, Inc is a Japan-based financial services group and the parent company of Nomura Securities Co, Ltd. Its businesses serve individual investors, corporations, financial institutions, governments and other organizations through a range of investment and advisory services.

The company operates through three primary areas: retail, which provides wealth management, investment products and financial advice; investment management, which offers asset management and investment advisory services; and wholesale, which includes investment banking, equity and fixed-income sales and trading, research, and related capital-markets services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.