Zacks Investment Research Lowers Nomura Holdings Inc ADR (NMR) to Hold

Zacks Investment Research downgraded shares of Nomura Holdings Inc ADR (NYSE:NMR) from a buy rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “NOMURA HLDG-ADR is a leading financial services group in Japan and has worldwide operations, providing a wide range of value-added financial services and competitive products. These include brokerage, trading, underwriting, M&A financial advisory services, merchant banking, and development and management of investment trusts and investment advisory services to diversified clients such as individuals, corporations, financial institutions, governments and governmental agencies. “

NMR has been the topic of a number of other research reports. BidaskClub cut shares of Nomura Holdings Inc ADR from a sell rating to a strong sell rating in a research note on Saturday, July 8th. ValuEngine cut shares of Nomura Holdings Inc ADR from a strong-buy rating to a buy rating in a research note on Friday, September 1st. Finally, TheStreet raised shares of Nomura Holdings Inc ADR from a d+ rating to a c rating in a research note on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $6.00.

Nomura Holdings Inc ADR (NMR) opened at 5.31 on Thursday. The firm has a market capitalization of $18.84 billion, a P/E ratio of 8.44 and a beta of 1.59. The company has a 50-day moving average price of $5.74 and a 200-day moving average price of $6.09. Nomura Holdings Inc ADR has a 1-year low of $4.29 and a 1-year high of $6.80.

Nomura Holdings Inc ADR (NYSE:NMR) last posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.01. Nomura Holdings Inc ADR had a return on equity of 8.69% and a net margin of 15.47%. The company had revenue of $4.21 billion for the quarter. On average, equities research analysts predict that Nomura Holdings Inc ADR will post $0.47 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its stake in Nomura Holdings Inc ADR by 154.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 633,247 shares of the financial services provider’s stock valued at $3,825,000 after acquiring an additional 383,915 shares during the period. Goldman Sachs Group Inc. increased its stake in Nomura Holdings Inc ADR by 5.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,085,051 shares of the financial services provider’s stock valued at $6,554,000 after acquiring an additional 53,481 shares during the period. QCM Cayman Ltd. increased its stake in Nomura Holdings Inc ADR by 30.5% in the second quarter. QCM Cayman Ltd. now owns 85,500 shares of the financial services provider’s stock valued at $512,000 after acquiring an additional 20,000 shares during the period. Dimensional Fund Advisors LP increased its stake in Nomura Holdings Inc ADR by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,151,420 shares of the financial services provider’s stock valued at $6,955,000 after acquiring an additional 6,200 shares during the period. Finally, Virtu KCG Holdings LLC increased its stake in Nomura Holdings Inc ADR by 253.7% in the second quarter. Virtu KCG Holdings LLC now owns 40,017 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 28,703 shares during the period. 0.55% of the stock is currently owned by institutional investors and hedge funds.

Nomura Holdings Inc ADR Company Profile

Nomura Holdings, Inc (Nomura) is a financial services company. The Company, through its broker-dealer, banking and other financial services subsidiaries, provide investment, financing and related services to individual, institutional and government clients across the world. The Company’s segments include Retail, Asset Management and Wholesale.

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