Baird Financial Group Inc. Purchases New Holdings 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. bought a new stake in Nomura Holdings Inc ADR (NYSE:NMR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 59,431 shares of the financial services provider's stock, valued at approximately $366,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Northern Trust Corp grew its holdings in Nomura by 86.7% during the fourth quarter. Northern Trust Corp now owns 2,241,316 shares of the financial services provider's stock worth $12,977,000 after purchasing an additional 1,041,022 shares during the period. Jane Street Group LLC grew its holdings in Nomura by 185.3% during the fourth quarter. Jane Street Group LLC now owns 94,546 shares of the financial services provider's stock worth $547,000 after purchasing an additional 61,403 shares during the period. Ameriprise Financial Inc. grew its holdings in Nomura by 25.0% during the fourth quarter. Ameriprise Financial Inc. now owns 62,334 shares of the financial services provider's stock worth $361,000 after purchasing an additional 12,468 shares during the period. Bank of America Corp DE grew its holdings in Nomura by 13.7% during the fourth quarter. Bank of America Corp DE now owns 255,453 shares of the financial services provider's stock worth $1,479,000 after purchasing an additional 30,704 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Nomura during the fourth quarter worth about $84,000. Institutional investors and hedge funds own 15.14% of the company's stock.

Nomura Stock Performance

Nomura stock traded up $0.03 during midday trading on Monday, reaching $7.54. 422,329 shares of the company's stock were exchanged, compared to its average volume of 635,522. Nomura Holdings Inc ADR has a 52 week low of $4.86 and a 52 week high of $7.58. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $22.30 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 7.11 and a beta of 0.77. The stock's 50-day simple moving average is $6.94 and its 200 day simple moving average is $6.34.

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