Nomura Holdings Inc ADR $NMR Stock Purchased by Ethic Inc.

Key Points

• Ethic Inc. increased its Nomura stake by 13.6% in the third quarter, adding 141,876 shares to hold 1,184,229 shares valued at about $11.6 million.
• Nomura reported quarterly EPS of $0.22, beating the $0.20 consensus estimate, while revenue of $3.86 billion fell short of the $4.12 billion forecast.
• Analysts’ consensus rating is Buy, with an average price target of $10.20; six analysts rate the stock, including one Strong Buy, four Buys, and one Hold.

Ethic Inc. lifted its position in Nomura Holdings Inc ADR (NYSE:NMR - Free Report) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,184,229 shares of the financial services provider's stock after buying an additional 141,876 shares during the period. Ethic Inc.'s holdings in Nomura were worth $11,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NMR. Parallel Advisors LLC lifted its holdings in Nomura by 6.1% in the third quarter. Parallel Advisors LLC now owns 31,651 shares of the financial services provider's stock valued at $310,000 after acquiring an additional 1,824 shares during the period. Abacus Wealth Partners LLC grew its stake in shares of Nomura by 8.9% during the 3rd quarter. Abacus Wealth Partners LLC now owns 46,884 shares of the financial services provider's stock valued at $459,000 after purchasing an additional 3,834 shares during the period. Calamos Wealth Management LLC bought a new stake in shares of Nomura during the 3rd quarter valued at about $133,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Nomura by 64.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 25,888 shares of the financial services provider's stock valued at $253,000 after purchasing an additional 10,126 shares during the period. Finally, Vise Technologies Inc. increased its position in shares of Nomura by 32.1% during the 3rd quarter. Vise Technologies Inc. now owns 203,368 shares of the financial services provider's stock valued at $1,989,000 after purchasing an additional 49,421 shares during the last quarter. Institutional investors own 15.14% of the company's stock.

Nomura Price Performance

Shares of Nomura stock opened at $9.40 on Monday. Nomura Holdings Inc ADR has a one year low of $6.88 and a one year high of $10.94. The stock's fifty day moving average is $9.80 and its 200 day moving average is $9.03. The stock has a market cap of $27.59 billion, a P/E ratio of 10.94, a P/E/G ratio of 1.05 and a beta of 0.81. The company has a debt-to-equity ratio of 7.79, a quick ratio of 2.00 and a current ratio of 1.07.

Nomura (NYSE:NMR - Get Free Report) last released its earnings results on Thursday, October 29th. The financial services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. Nomura had a return on equity of 10.51% and a net margin of 8.06%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.12 billion. Sell-side analysts anticipate that Nomura Holdings Inc ADR will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NMR has been the topic of several recent research reports. Wall Street Zen cut shares of Nomura from a "buy" rating to a "hold" rating in a research note on Saturday, October 31st. Zacks Research upgraded shares of Nomura from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of Nomura from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $10.20.

About Nomura

Nomura Holdings, Inc is a Japan-based financial services group headquartered in Tokyo. Its roots date to 1925, when the securities business of Osaka Nomura Bank was established; the group has since grown into an international provider of financial services.

Nomura's main businesses include wealth management, asset management and wholesale services. It serves individual clients with investment products and advice, manages investment funds for individuals and institutions, and provides institutional clients with global markets services and investment banking capabilities, including trading, financing and advisory services.

The group operates in Japan and other major financial markets across the Americas, Europe and Asia-Pacific.

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