Cresset Asset Management LLC reduced its stake in Nomura Holdings, Inc. (NYSE:NMR - Free Report) by 80.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,358 shares of the financial services provider's stock after selling 50,519 shares during the quarter. Cresset Asset Management LLC's holdings in Nomura were worth $72,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Nomura in the 4th quarter valued at $26,000. Adero Partners LLC purchased a new stake in Nomura in the 4th quarter valued at $59,000. Savant Capital LLC purchased a new stake in Nomura in the 4th quarter valued at $59,000. Cannell & Spears LLC purchased a new stake in Nomura in the 4th quarter valued at $73,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Nomura in the 4th quarter valued at $84,000. 15.14% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut Nomura from a "buy" rating to a "hold" rating in a report on Monday, April 28th.
Check Out Our Latest Stock Analysis on NMR
Nomura Trading Up 0.3%
Shares of NYSE NMR traded up $0.02 during mid-day trading on Thursday, reaching $5.98. 307,139 shares of the company's stock were exchanged, compared to its average volume of 741,586. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 0.30 and a beta of 0.77. The company has a debt-to-equity ratio of 7.52, a quick ratio of 1.11 and a current ratio of 1.17. Nomura Holdings, Inc. has a 52-week low of $4.66 and a 52-week high of $6.99. The company's 50-day moving average is $5.79 and its 200-day moving average is $6.02.
Nomura (NYSE:NMR - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.03). The business had revenue of $7.08 billion for the quarter, compared to analysts' expectations of $451.20 billion. Nomura had a return on equity of 9.19% and a net margin of 7.96%. Analysts expect that Nomura Holdings, Inc. will post 0.76 EPS for the current fiscal year.
Nomura Profile
(
Free Report)
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.
Further Reading
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