Summit Global Investments Reduces Stock Position in Nomura Holdings, Inc. (NYSE:NMR)

Summit Global Investments lowered its position in Nomura Holdings, Inc. (NYSE:NMR - Free Report) by 68.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,361 shares of the financial services provider's stock after selling 168,248 shares during the quarter. Summit Global Investments' holdings in Nomura were worth $482,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC increased its holdings in shares of Nomura by 185.3% in the fourth quarter. Jane Street Group LLC now owns 94,546 shares of the financial services provider's stock worth $547,000 after purchasing an additional 61,403 shares during the period. Millennium Management LLC increased its holdings in shares of Nomura by 68.8% in the fourth quarter. Millennium Management LLC now owns 974,917 shares of the financial services provider's stock worth $5,645,000 after purchasing an additional 397,415 shares during the period. ABC Arbitrage SA bought a new position in shares of Nomura in the fourth quarter worth $1,254,000. Quantinno Capital Management LP bought a new position in shares of Nomura in the fourth quarter worth $249,000. Finally, US Bancorp DE increased its holdings in shares of Nomura by 17.5% in the fourth quarter. US Bancorp DE now owns 241,699 shares of the financial services provider's stock worth $1,399,000 after purchasing an additional 35,948 shares during the period. Institutional investors own 15.14% of the company's stock.

Nomura Price Performance

NMR traded up $0.03 during trading on Thursday, reaching $6.14. The stock had a trading volume of 637,769 shares, compared to its average volume of 724,564. The stock has a market cap of $18.23 billion, a PE ratio of 8.76, 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 one year low of $4.66 and a one year high of $6.99. The business has a 50-day moving average of $5.69 and a 200-day moving average of $6.04.

Nomura (NYSE:NMR - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). Nomura had a net margin of 7.96% and a return on equity of 9.19%. The business had revenue of $7.08 billion for the quarter, compared to analysts' expectations of $451.20 billion. As a group, equities research analysts anticipate that Nomura Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of 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.