Nomura Holdings Inc ADR (NYSE:NMR) Shares Acquired by ABC Arbitrage SA

Key Points

• ABC Arbitrage SA has increased its ownership of Nomura Holdings Inc ADR (NYSE:NMR) by 37.4% in the first quarter, holding a total of 297,655 shares worth approximately $1.83 million.
• Nomura's quarterly earnings report revealed a missed EPS estimate of $0.24 compared to the expected $0.25, despite revenue surpassing expectations at $3.53 billion.
• The company recently received a downgrade from "buy" to "hold" from Wall Street analysts, reflecting changing market perspectives on its stock value.

ABC Arbitrage SA grew its stake in Nomura Holdings Inc ADR (NYSE:NMR - Free Report) by 37.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 297,655 shares of the financial services provider's stock after purchasing an additional 81,009 shares during the period. ABC Arbitrage SA's holdings in Nomura were worth $1,831,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NMR. LPL Financial LLC lifted its stake in shares of Nomura by 51.5% in 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 period. JPMorgan Chase & Co. increased its holdings in Nomura by 21.5% in the fourth quarter. JPMorgan Chase & Co. now owns 112,675 shares of the financial services provider's stock valued at $652,000 after buying an additional 19,938 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Nomura by 20.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 45,037 shares of the financial services provider's stock worth $261,000 after acquiring an additional 7,572 shares during the period. OLD Mission Capital LLC purchased a new stake in shares of Nomura during the 4th quarter worth about $178,000. Finally, Russell Investments Group Ltd. grew its position in shares of Nomura by 18.7% during the 4th quarter. Russell Investments Group Ltd. now owns 49,384 shares of the financial services provider's stock valued at $286,000 after acquiring an additional 7,788 shares during the period. Institutional investors and hedge funds own 15.14% of the company's stock.

Nomura Price Performance

Shares of NMR stock traded up $0.07 during trading hours on Thursday, hitting $6.95. 335,431 shares of the company's stock were exchanged, compared to its average volume of 587,464. Nomura Holdings Inc ADR has a fifty-two week low of $4.86 and a fifty-two week high of $7.20. The firm has a market cap of $20.53 billion, a P/E ratio of 8.37, a P/E/G ratio of 6.51 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. The firm has a 50 day moving average of $6.42 and a two-hundred day moving average of $6.21.

Nomura (NYSE:NMR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The company 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%. Sell-side analysts forecast that Nomura Holdings Inc ADR will post 0.76 EPS for the current year.

Wall Street Analyst Weigh In

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

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.