Baird Financial Group Inc. Invests $366,000 in Nomura Holdings Inc ADR $NMR

Key Points

• Baird Financial Group Inc. acquired a new stake in Nomura Holdings Inc ADR, purchasing 59,431 shares valued at approximately $366,000.
• Other institutional investors have significantly increased their holdings in Nomura, with Northern Trust Corp raising its position by 86.7% in the last quarter.
• Nomura reported quarterly earnings of $0.24 per share, missing the consensus estimate, but had revenue of $3.53 billion, surpassing analyst expectations of $3.04 billion.

Baird Financial Group Inc. acquired a new stake in Nomura Holdings Inc ADR (NYSE:NMR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 59,431 shares of the financial services provider's stock, valued at approximately $366,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Donald Smith & CO. Inc. raised its stake in shares of Nomura by 11.7% during the first quarter. Donald Smith & CO. Inc. now owns 10,412,601 shares of the financial services provider's stock valued at $64,037,000 after acquiring an additional 1,094,218 shares during the last quarter. Northern Trust Corp raised its stake in shares of Nomura by 1.9% during the first quarter. Northern Trust Corp now owns 2,283,072 shares of the financial services provider's stock valued at $14,041,000 after acquiring an additional 41,756 shares during the last quarter. Millennium Management LLC raised its stake in shares of Nomura by 68.8% during the fourth quarter. Millennium Management LLC now owns 974,917 shares of the financial services provider's stock valued at $5,645,000 after acquiring an additional 397,415 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Nomura by 21.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 462,647 shares of the financial services provider's stock valued at $2,845,000 after acquiring an additional 80,540 shares during the last quarter. Finally, Carrera Capital Advisors bought a new position in shares of Nomura during the first quarter valued at $2,149,000. Institutional investors own 15.14% of the company's stock.

Nomura Trading Down 0.8%

Shares of NMR stock traded down $0.06 during trading hours on Wednesday, hitting $7.49. 478,178 shares of the company's stock traded hands, compared to its average volume of 418,213. The stock's 50 day simple moving average is $7.01 and its 200 day simple moving average is $6.36. The stock has a market cap of $22.14 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 7.15 and a beta of 0.77. Nomura Holdings Inc ADR has a 12 month low of $4.86 and a 12 month high of $7.59. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.58.

Nomura (NYSE:NMR - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.04 billion. Nomura had a net margin of 8.06% and a return on equity of 10.58%. On average, sell-side analysts anticipate that Nomura Holdings Inc ADR will post 0.76 EPS for the current year.

Nomura Profile

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.