Citadel Advisors LLC Has $996,000 Stake in Nomura Holdings Inc ADR $NMR

Key Points

• Citadel Advisors reduced its Nomura Holdings stake by 48.6% in the second quarter, selling 107,298 shares and retaining 113,433 shares valued at approximately $996,000.
• Other major institutions, including Fisher Asset Management, Morgan Stanley, Goldman Sachs and Quantinno Capital, increased their Nomura positions. Institutional investors collectively own 15.14% of the company.
• Nomura reported quarterly EPS of $0.30 on $4.19 billion in revenue, while analysts maintain a consensus “Buy” rating with a $10.20 price target; shares recently traded at $10.54.

Citadel Advisors LLC reduced its stake in shares of Nomura Holdings Inc ADR (NYSE:NMR - Free Report) by 48.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,433 shares of the financial services provider's stock after selling 107,298 shares during the period. Citadel Advisors LLC's holdings in Nomura were worth $996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fisher Asset Management LLC increased its holdings in shares of Nomura by 32.4% during the 4th quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider's stock valued at $110,341,000 after acquiring an additional 3,221,008 shares during the last quarter. Donald Smith & CO. Inc. raised its stake in shares of Nomura by 2.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider's stock valued at $106,516,000 after acquiring an additional 274,787 shares in the last quarter. Morgan Stanley lifted its holdings in Nomura by 7.0% in the 4th quarter. Morgan Stanley now owns 9,815,360 shares of the financial services provider's stock worth $82,351,000 after purchasing an additional 638,424 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Nomura by 3.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,229,415 shares of the financial services provider's stock worth $43,875,000 after purchasing an additional 175,201 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Nomura by 18.4% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 15.14% of the company's stock.

Nomura Stock Up 0.9%

NMR opened at $10.54 on Friday. Nomura Holdings Inc ADR has a 1-year low of $6.71 and a 1-year high of $10.79. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06. The stock has a market capitalization of $30.94 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.13 and a beta of 0.70. The business has a 50 day moving average of $9.86 and a 200-day moving average of $8.83.

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 Holdings Inc ADR will post 0.93 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on NMR. Bank of America upgraded Nomura from a "neutral" rating to a "buy" rating and set a $10.20 price target on the stock in a report on Thursday, June 25th. Weiss Ratings upgraded shares of Nomura from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 17th. 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 shares of Nomura from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Finally, Nomura raised Nomura to a "buy" rating and set a $10.20 price target on the stock in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $10.20.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group and the parent company of Nomura Securities Co, Ltd. Its businesses serve individual investors, corporations, financial institutions, governments and other organizations through a range of investment and advisory services.

The company operates through three primary areas: retail, which provides wealth management, investment products and financial advice; investment management, which offers asset management and investment advisory services; and wholesale, which includes investment banking, equity and fixed-income sales and trading, research, and related capital-markets services.

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