US Bancorp DE Trims Stock Holdings in Nomura Holdings Inc ADR (NYSE:NMR)

Key Points

• US Bancorp DE has reduced its holdings in Nomura Holdings Inc ADR by 29.7%, selling 71,704 shares, and now owns 169,995 shares worth approximately $1,045,000.
• Nomura’s stock experienced a 1.7% increase and opened at $7.07, with a market cap of $20.90 billion and a PE ratio of 8.52.
• The company reported an earnings per share (EPS) of $0.24 for the last quarter, missing the analysts’ consensus estimate of $0.25 by $0.01.

US Bancorp DE lessened its holdings in shares of Nomura Holdings Inc ADR (NYSE:NMR - Free Report) by 29.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,995 shares of the financial services provider's stock after selling 71,704 shares during the quarter. US Bancorp DE's holdings in Nomura were worth $1,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NMR. Abel Hall LLC acquired a new position in shares of Nomura during the 1st quarter valued at about $62,000. Adero Partners LLC boosted its position in shares of Nomura by 18.2% during the 1st quarter. Adero Partners LLC now owns 12,006 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 1,848 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Nomura during the 1st quarter valued at about $81,000. Cubist Systematic Strategies LLC acquired a new position in shares of Nomura during the 4th quarter valued at about $84,000. Finally, Campbell Deegan Wealth Management LLC acquired a new position in shares of Nomura during the 4th quarter valued at about $84,000. Institutional investors and hedge funds own 15.14% of the company's stock.

Analysts Set New Price Targets

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

Nomura Trading Up 2.9%

NMR traded up $0.21 on Tuesday, hitting $7.23. The company had a trading volume of 360,589 shares, compared to its average volume of 569,092. The firm has a market cap of $21.36 billion, a P/E ratio of 8.70, a PEG ratio of 6.65 and a beta of 0.78. Nomura Holdings Inc ADR has a 1 year low of $4.86 and a 1 year high of $7.23. The company's fifty day moving average price is $6.48 and its 200 day moving average price is $6.23. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.58.

Nomura (NYSE:NMR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $3.53 billion during the quarter, compared to analysts' expectations of $3.04 billion. Nomura had a net margin of 8.06% and a return on equity of 10.58%. As a group, equities analysts expect that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current year.

Nomura Company 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.