Nomura Holdings Inc ADR $NMR Shares Sold by Bank of America Corp DE

Key Points

• Bank of America cut its Nomura Holdings stake by 52.2% in the first quarter, selling 146,395 shares and retaining 134,289 shares valued at approximately $1.06 million.
• Analysts have become more bullish on Nomura, with upgrades from several firms contributing to a consensus “Buy” rating and a $10.20 price target.
• Nomura shares opened at $10.66, near their 52-week high of $10.72. The company reported quarterly EPS of $0.30 on $4.19 billion in revenue, while analysts forecast full-year EPS of $0.93.

Bank of America Corp DE trimmed its holdings in shares of Nomura Holdings Inc ADR (NYSE:NMR - Free Report) by 52.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 134,289 shares of the financial services provider's stock after selling 146,395 shares during the quarter. Bank of America Corp DE's holdings in Nomura were worth $1,060,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Allworth Financial LP grew its stake in Nomura by 90.7% during the 4th quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 1,447 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Nomura by 101.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider's stock valued at $42,000 after buying an additional 2,515 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Nomura by 1,019.0% in the second quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 5,859 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Nomura by 108.2% in the first quarter. V Square Quantitative Management LLC now owns 6,118 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 3,179 shares in the last quarter. Finally, Sei Investments Co. bought a new position in Nomura during the 2nd quarter valued at $67,000. Institutional investors and hedge funds own 15.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Bank of America raised shares of Nomura from a "neutral" rating to a "buy" rating and set a $10.20 target price for the company in a research report on Thursday, June 25th. Zacks Research raised Nomura from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Nomura upgraded Nomura to a "buy" rating and set a $10.20 target price for the company in a research report on Thursday, June 25th. Wall Street Zen upgraded Nomura from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings raised shares of Nomura from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $10.20.

Nomura Stock Up 0.4%

NYSE:NMR opened at $10.66 on Friday. The firm has a market capitalization of $31.27 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 1.15 and a beta of 0.70. The stock has a 50 day moving average of $9.73 and a 200-day moving average of $8.80. Nomura Holdings Inc ADR has a 52 week low of $6.71 and a 52 week high of $10.72. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06.

Nomura (NYSE:NMR - Get Free Report) last announced its quarterly 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 return on equity of 10.42% and a net margin of 8.09%. Analysts predict that Nomura Holdings Inc ADR will post 0.93 EPS for the current year.

Nomura Profile

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura's principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.

Want to see what other hedge funds are holding NMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nomura Holdings Inc ADR (NYSE:NMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.