Donald Smith & CO. Inc. Has $64.04 Million Stock Holdings in Nomura Holdings Inc ADR (NYSE:NMR)

Key Points

• Donald Smith & CO. Inc. increased its holdings in Nomura Holdings Inc ADR by 11.7% during the first quarter, now owning over 10.4 million shares worth approximately $64 million.
• Other institutional investors, including Adero Partners LLC and BSW Wealth Partners, also boosted their positions in Nomura, reflecting growing interest among institutional owners.
• On the analyst front, Wall Street Zen downgraded Nomura's rating from "buy" to "hold," suggesting caution moving forward after the firm reported lower-than-expected EPS in its latest earnings results.

Donald Smith & CO. Inc. grew its stake in shares of Nomura Holdings Inc ADR (NYSE:NMR - Free Report) by 11.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,412,601 shares of the financial services provider's stock after purchasing an additional 1,094,218 shares during the quarter. Nomura comprises about 1.6% of Donald Smith & CO. Inc.'s portfolio, making the stock its 28th biggest holding. Donald Smith & CO. Inc. owned about 0.35% of Nomura worth $64,037,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC lifted its holdings in Nomura by 51.5% during the 4th quarter. LPL Financial LLC now owns 17,951 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 6,103 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Nomura by 21.5% during the 4th quarter. JPMorgan Chase & Co. now owns 112,675 shares of the financial services provider's stock valued at $652,000 after purchasing an additional 19,938 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Nomura by 18.7% in the 4th quarter. Russell Investments Group Ltd. now owns 49,384 shares of the financial services provider's stock valued at $286,000 after buying an additional 7,788 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Nomura by 4.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,505,837 shares of the financial services provider's stock valued at $8,719,000 after buying an additional 63,318 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Nomura in the 4th quarter valued at $1,087,000. Institutional investors and hedge funds own 15.14% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Nomura from a "buy" rating to a "hold" rating in a report on Monday, April 28th.

Nomura Trading Up 0.2%

Nomura stock traded up $0.02 during trading hours on Thursday, hitting $7.27. The stock had a trading volume of 445,582 shares, compared to its average volume of 543,748. The business's 50 day simple moving average is $6.52 and its 200-day simple moving average is $6.24. Nomura Holdings Inc ADR has a one year low of $4.86 and a one year high of $7.28. The stock has a market cap of $21.48 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 6.86 and a beta of 0.78. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.58.

Nomura (NYSE:NMR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Nomura had a net margin of 8.06% and a return on equity of 10.58%. The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.04 billion. On average, equities analysts predict that Nomura Holdings Inc ADR will post 0.76 EPS for the current fiscal year.

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.