Rhumbline Advisers Cuts Stock Holdings in Nomura Holdings Inc ADR $NMR

Key Points

• Rhumbline Advisers has cut its holdings in Nomura Holdings Inc ADR by 38.9%, now owning 97,491 shares valued at approximately $600,000 after selling 62,199 shares in the first quarter.
• In contrast, other hedge funds such as Focus Partners Wealth and Goldman Sachs have increased their positions in Nomura, with Goldman Sachs now holding over 4.6 million shares worth approximately $28 million.
• Nomura reported a quarterly EPS of $0.24, missing estimates by $0.01, while achieving revenue of $3.53 billion, surpassing expectations of $3.04 billion.

Rhumbline Advisers decreased its stake in shares of Nomura Holdings Inc ADR (NYSE:NMR - Free Report) by 38.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,491 shares of the financial services provider's stock after selling 62,199 shares during the period. Rhumbline Advisers' holdings in Nomura were worth $600,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Focus Partners Wealth boosted its position in shares of Nomura by 38.4% during the first quarter. Focus Partners Wealth now owns 22,574 shares of the financial services provider's stock valued at $139,000 after buying an additional 6,268 shares during the last quarter. RNC Capital Management LLC purchased a new position in Nomura in the first quarter worth $313,000. Goldman Sachs Group Inc. boosted its position in Nomura by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 4,617,888 shares of the financial services provider's stock worth $28,400,000 after purchasing an additional 289,984 shares during the last quarter. AQR Capital Management LLC boosted its position in Nomura by 12.5% in the first quarter. AQR Capital Management LLC now owns 289,538 shares of the financial services provider's stock worth $1,781,000 after purchasing an additional 32,206 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new position in Nomura in the first quarter worth $71,000. Hedge funds and other institutional investors own 15.14% of the company's stock.

Nomura Stock Up 0.3%

Shares of NYSE NMR opened at $7.50 on Tuesday. Nomura Holdings Inc ADR has a one year low of $4.86 and a one year high of $7.59. The company has a debt-to-equity ratio of 7.58, a current ratio of 1.13 and a quick ratio of 1.13. The business's fifty day moving average price is $7.08 and its 200-day moving average price is $6.38. The stock has a market capitalization of $22.16 billion, a PE ratio of 9.03, a P/E/G ratio of 3.62 and a beta of 0.77.

Nomura (NYSE:NMR - Get Free Report) last issued 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 analysts' expectations of $3.04 billion. On average, equities research analysts anticipate that Nomura Holdings Inc ADR will post 0.76 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research raised Nomura from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Nomura has a consensus rating of "Hold".

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.

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