Nomura Holdings Inc ADR (NYSE:NMR) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Nomura Holdings has an average “Buy” rating from five covering brokerages: three Buys, one Strong Buy, and one Hold. The average 12-month price target is $10.20, above the reported $9.93 opening price.
• Nomura reported quarterly earnings of $0.30 per share on $4.19 billion in revenue, with an 8.09% net margin and 10.42% return on equity. Analysts expect approximately $0.93 in EPS for the full year.
• Institutional investors increased their positions, including Goldman Sachs and AQR Capital Management, while institutional and hedge-fund ownership stands at 15.14%.

Shares of Nomura Holdings Inc ADR (NYSE:NMR - Get Free Report) have received an average recommendation of "Buy" from the five research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $10.20.

Several analysts have issued reports on the stock. Weiss Ratings upgraded shares of Nomura from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 17th. Bank of America raised shares of Nomura from a "neutral" rating to a "buy" rating and set a $10.20 price objective for the company in a research report on Thursday, June 25th. Wall Street Zen upgraded shares of Nomura from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Zacks Research raised Nomura from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Finally, Nomura upgraded Nomura to a "buy" rating and set a $10.20 price target on the stock in a research note on Thursday, June 25th.

Nomura Stock Up 1.8%

NMR opened at $9.93 on Wednesday. The business has a 50 day moving average of $9.50 and a 200-day moving average of $8.73. The stock has a market capitalization of $29.14 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.06 and a beta of 0.69. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06. Nomura has a 1-year low of $6.71 and a 1-year high of $10.06.

Nomura (NYSE:NMR - Get Free Report) last announced its earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $4.19 billion for the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. As a group, sell-side analysts anticipate that Nomura will post 0.93 earnings per share for the current year.

Institutional Trading of Nomura

Several institutional investors have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Nomura by 12.5% in the first quarter. AQR Capital Management LLC now owns 289,538 shares of the financial services provider's stock valued at $1,781,000 after purchasing an additional 32,206 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Nomura by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 4,617,888 shares of the financial services provider's stock worth $28,400,000 after purchasing an additional 289,984 shares during the period. Focus Partners Wealth boosted its stake in Nomura by 38.4% during the first quarter. Focus Partners Wealth now owns 22,574 shares of the financial services provider's stock worth $139,000 after buying an additional 6,268 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Nomura by 35.6% during the second quarter. Sivia Capital Partners LLC now owns 19,272 shares of the financial services provider's stock worth $127,000 after buying an additional 5,060 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Nomura by 28.1% during the second quarter. Cetera Investment Advisers now owns 12,936 shares of the financial services provider's stock worth $85,000 after buying an additional 2,839 shares in the last quarter. Institutional investors and hedge funds own 15.14% of the company's stock.

Nomura Company Profile

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura's principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.

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