Nomura Holdings Inc ADR $NMR Shares Sold by Ethic Inc.

Key Points

• Ethic Inc. reduced its stock holdings in Nomura Holdings Inc ADR by 10.5% in the first quarter, owning 1,052,102 shares valued at approximately $6.4 million after selling 123,726 shares.
• Nomura reported $0.24 EPS for the latest quarter, which was below the consensus estimate, with revenue surpassing expectations at $3.53 billion.
• Shares of Nomura have a market capitalization of $21.82 billion, with a current trading price of $7.38 and a 1-year price range between $4.86 and $7.46.

Ethic Inc. lowered its stake in shares of Nomura Holdings Inc ADR (NYSE:NMR - Free Report) by 10.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,052,102 shares of the financial services provider's stock after selling 123,726 shares during the period. Ethic Inc.'s holdings in Nomura were worth $6,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in Nomura by 7.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 54,942 shares of the financial services provider's stock worth $336,000 after buying an additional 3,990 shares in the last quarter. Jane Street Group LLC boosted 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 buying an additional 61,403 shares in the last quarter. Millennium Management LLC boosted its holdings in Nomura by 68.8% during the fourth quarter. Millennium Management LLC now owns 974,917 shares of the financial services provider's stock worth $5,645,000 after buying an additional 397,415 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Nomura by 43.4% in the first quarter. GAMMA Investing LLC now owns 17,921 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 5,421 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Nomura in the fourth quarter valued at about $249,000. Hedge funds and other institutional investors own 15.14% of the company's stock.

Nomura Trading Down 1.1%

Shares of NMR traded down $0.0840 on Wednesday, hitting $7.2560. 556,183 shares of the stock traded hands, compared to its average volume of 656,781. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.58. The firm has a market capitalization of $21.45 billion, a P/E ratio of 8.74, a P/E/G ratio of 7.02 and a beta of 0.78. The stock's 50 day moving average is $6.59 and its two-hundred day moving average is $6.26. Nomura Holdings Inc ADR has a 1 year low of $4.86 and a 1 year high of $7.46.

Nomura (NYSE:NMR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $3.04 billion. Nomura had a net margin of 8.06% and a return on equity of 10.58%. As a group, sell-side analysts predict that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Nomura from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

About Nomura

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.