Charles Schwab Investment Management Inc. Acquires 80,540 Shares of Nomura Holdings Inc ADR $NMR

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Nomura Holdings Inc ADR by 21.1% in the first quarter, acquiring an additional 80,540 shares, bringing its total to 462,647 shares valued at approximately $2.85 million.
• Shares of Nomura are currently trading at $7.18, experiencing a decline of 1.8%, with a market capitalization of $21.21 billion.
• Nomura reported earnings of $0.24 per share for the last quarter, missing analysts' consensus estimates of $0.25, but surpassing revenue expectations with $3.53 billion in revenue.

Charles Schwab Investment Management Inc. raised its position in Nomura Holdings Inc ADR (NYSE:NMR - Free Report) by 21.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 462,647 shares of the financial services provider's stock after purchasing an additional 80,540 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Nomura were worth $2,845,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Abel Hall LLC bought a new position in Nomura in the 1st quarter worth about $62,000. Adero Partners LLC grew its stake in Nomura by 18.2% in the 1st quarter. Adero Partners LLC now owns 12,006 shares of the financial services provider's stock worth $74,000 after acquiring an additional 1,848 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in Nomura in the 1st quarter worth about $81,000. Campbell Deegan Wealth Management LLC bought a new position in Nomura in the 4th quarter worth about $84,000. Finally, Cubist Systematic Strategies LLC bought a new position in Nomura in the 4th quarter worth about $84,000. 15.14% of the stock is currently owned by institutional investors.

Nomura Trading Down 1.7%

NMR stock traded down $0.13 during mid-day trading on Wednesday, reaching $7.04. The company had a trading volume of 243,966 shares, compared to its average volume of 644,554. The company has a debt-to-equity ratio of 7.58, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $20.80 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 6.81 and a beta of 0.77. The firm has a 50 day moving average of $6.80 and a 200 day moving average of $6.30. Nomura Holdings Inc ADR has a 12 month low of $4.86 and a 12 month high of $7.46.

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

Nomura Company 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.