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 raised its stake in Nomura Holdings Inc ADR (NYSE:NMR - Free Report) by 37.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,655 shares of the financial services provider's stock after purchasing an additional 81,009 shares during the quarter. ABC Arbitrage SA's holdings in Nomura were worth $1,831,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in Nomura by 7.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 54,942 shares of the financial services provider's stock valued at $336,000 after purchasing an additional 3,990 shares during the period. Jane Street Group LLC raised its position in Nomura by 185.3% in the fourth quarter. Jane Street Group LLC now owns 94,546 shares of the financial services provider's stock valued at $547,000 after purchasing an additional 61,403 shares during the period. Millennium Management LLC raised its position in Nomura by 68.8% in the fourth quarter. Millennium Management LLC now owns 974,917 shares of the financial services provider's stock valued at $5,645,000 after purchasing an additional 397,415 shares during the period. GAMMA Investing LLC raised its position in Nomura by 43.4% in the first quarter. GAMMA Investing LLC now owns 17,921 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 5,421 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in Nomura in the fourth quarter valued at about $249,000. 15.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Nomura Stock Up 1.7%

Shares of NYSE NMR traded up $0.12 during midday trading on Friday, reaching $7.07. 330,375 shares of the company's stock were exchanged, compared to its average volume of 581,738. Nomura Holdings Inc ADR has a 52-week low of $4.86 and a 52-week high of $7.20. The stock has a market capitalization of $20.90 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 6.58 and a beta of 0.78. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.13. The business's fifty day moving average price is $6.44 and its two-hundred day moving average price is $6.22.

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