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Nomura (NYSE:NMR) Rating Increased to Hold at Zacks Research

Nomura logo with Finance background

Key Points

  • The financial services provider Nomura has been upgraded from a "strong sell" to a "hold" rating by Zacks Research.
  • Nomura's stock is currently priced at $7.53, with a 12-month high of $7.59 and a low of $4.86, indicating moderate stability in its market performance.
  • Institutional investors have increased their holdings in Nomura, notably Jane Street Group LLC, which grew its position by 185.3% last quarter.
  • MarketBeat previews top five stocks to own in November.

Nomura (NYSE:NMR - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Nomura Stock Up 0.2%

Shares of Nomura stock traded up $0.02 on Wednesday, reaching $7.51. 124,993 shares of the company were exchanged, compared to its average volume of 625,112. Nomura has a 1-year low of $4.86 and a 1-year high of $7.59. The company has a market cap of $22.19 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 3.62 and a beta of 0.77. 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 stock's 50 day moving average price is $7.08 and its 200-day moving average price is $6.38.

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 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 during the quarter, compared to analysts' expectations of $3.04 billion. As a group, equities analysts forecast that Nomura will post 0.76 EPS for the current year.

Institutional Trading of Nomura

Hedge funds and other institutional investors have recently modified their holdings of the company. NewSquare Capital LLC grew its holdings in shares of Nomura by 288.5% in the 2nd quarter. NewSquare Capital LLC now owns 4,402 shares of the financial services provider's stock worth $29,000 after acquiring an additional 3,269 shares during the last quarter. MAI Capital Management lifted its position in shares of Nomura by 1,562.0% during the 2nd quarter. MAI Capital Management now owns 6,000 shares of the financial services provider's stock worth $39,000 after purchasing an additional 5,639 shares during the last quarter. Osaic Holdings Inc. increased its stake in Nomura by 1,019.0% during the second quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 5,859 shares during the period. Hantz Financial Services Inc. increased its stake in Nomura by 828.7% during the second quarter. Hantz Financial Services Inc. now owns 8,906 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 7,947 shares during the period. Finally, Abel Hall LLC bought a new position in Nomura during the first quarter valued at about $62,000. Institutional investors own 15.14% of the company's stock.

About Nomura

(Get 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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