Nomura Holdings Inc ADR (NMR) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts maintain a generally positive view: Nomura has an average “Buy” rating from six firms, with a 12-month average price target of $10.20. Recent rating changes were mixed, including downgrades to “Hold” and an upgrade to “Strong Buy.”
• Several institutional investors increased their stakes, including Renaissance Technologies, which raised its holdings by 27%; institutions and hedge funds own 15.14% of the stock.
• Nomura beat quarterly earnings expectations, reporting $0.22 per share versus a $0.20 estimate, but revenue of $3.86 billion fell short of the $4.12 billion forecast.

Nomura Holdings Inc ADR (NYSE:NMR - Get Free Report) has earned an average rating of "Buy" from the six ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $10.20.

A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut Nomura from a "buy" rating to a "hold" rating in a report on Saturday, October 31st. Zacks Research raised Nomura from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings cut Nomura from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP raised its holdings in Nomura by 18.4% during the first quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider's stock worth $20,097,000 after purchasing an additional 395,656 shares in the last quarter. Renaissance Technologies LLC lifted its position in Nomura by 27.0% in the first quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider's stock worth $18,244,000 after purchasing an additional 491,400 shares during the period. Ethic Inc. lifted its position in Nomura by 13.6% in the third quarter. Ethic Inc. now owns 1,184,229 shares of the financial services provider's stock worth $11,582,000 after purchasing an additional 141,876 shares during the period. Gradient Investments LLC boosted its stake in Nomura by 7.4% during the 2nd quarter. Gradient Investments LLC now owns 638,711 shares of the financial services provider's stock valued at $5,608,000 after purchasing an additional 43,849 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Nomura by 28.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 443,803 shares of the financial services provider's stock valued at $4,340,000 after purchasing an additional 99,536 shares in the last quarter. Institutional investors and hedge funds own 15.14% of the company's stock.

Nomura Trading Down 0.2%

Shares of NYSE:NMR opened at $9.40 on Monday. The company has a market cap of $27.59 billion, a PE ratio of 10.94, a P/E/G ratio of 1.05 and a beta of 0.81. The company's 50-day moving average price is $9.80 and its 200 day moving average price is $9.03. Nomura has a fifty-two week low of $6.88 and a fifty-two week high of $10.94. The company has a quick ratio of 2.00, a current ratio of 1.07 and a debt-to-equity ratio of 7.79.

Nomura (NYSE:NMR - Get Free Report) last posted its earnings results on Thursday, October 29th. The financial services provider reported $0.22 EPS for the quarter, topping 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 firm had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $4.12 billion. Sell-side analysts anticipate that Nomura will post 0.99 earnings per share for the current year.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group headquartered in Tokyo. Its roots date to 1925, when the securities business of Osaka Nomura Bank was established; the group has since grown into an international provider of financial services.

Nomura's main businesses include wealth management, asset management and wholesale services. It serves individual clients with investment products and advice, manages investment funds for individuals and institutions, and provides institutional clients with global markets services and investment banking capabilities, including trading, financing and advisory services.

The group operates in Japan and other major financial markets across the Americas, Europe and Asia-Pacific.

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