Formidable Asset Management LLC Purchases Shares of 62,900 Nomura Holdings Inc ADR $NMR

Key Points

• Formidable Asset Management LLC acquired 62,900 shares of Nomura Holdings Inc ADR, valued at approximately $414,000, in the second quarter according to the latest SEC filing.
• Nomura's stock rating was upgraded from "strong sell" to "hold" by Zacks Research, reflecting a shift in analyst sentiment towards the company.
• In the last quarterly earnings report, Nomura missed the consensus EPS estimate, reporting $0.24 against an expected $0.25, while generating revenue of $3.53 billion, exceeding analyst projections.

Formidable Asset Management LLC purchased a new stake in Nomura Holdings Inc ADR (NYSE:NMR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 62,900 shares of the financial services provider's stock, valued at approximately $414,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Abel Hall LLC acquired a new stake in shares of Nomura in the first quarter valued at approximately $62,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Nomura in the first quarter valued at approximately $71,000. Adero Partners LLC lifted its position in shares of Nomura by 18.2% in the first quarter. Adero Partners LLC now owns 12,006 shares of the financial services provider's stock valued at $74,000 after buying an additional 1,848 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Nomura in the second quarter valued at approximately $78,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Nomura in the first quarter valued at approximately $81,000. 15.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Nomura from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Nomura Stock Performance

NYSE:NMR opened at $7.56 on Friday. The stock has a market cap of $22.35 billion, a P/E ratio of 9.11, a PEG ratio of 3.61 and a beta of 0.77. The stock has a 50 day simple moving average of $7.17 and a 200 day simple moving average of $6.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.58. Nomura Holdings Inc ADR has a 1-year low of $4.86 and a 1-year high of $7.59.

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 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 analyst estimates of $3.04 billion. Nomura had a return on equity of 10.58% and a net margin of 8.06%. Research analysts anticipate that Nomura Holdings Inc ADR will post 0.76 earnings per share 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.

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