Pinnacle Wealth Planning Services Inc. Sells 25,119 Shares of Nomura Holdings, Inc. (NYSE:NMR)

Pinnacle Wealth Planning Services Inc. lessened its holdings in shares of Nomura Holdings, Inc. (NYSE:NMR) by 42.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,520 shares of the financial services provider’s stock after selling 25,119 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Nomura were worth $194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Nomura by 225.7% during the third quarter. JPMorgan Chase & Co. now owns 92,737 shares of the financial services provider’s stock valued at $484,000 after buying an additional 64,268 shares during the last quarter. ABC Arbitrage SA bought a new position in Nomura in the 4th quarter valued at about $1,254,000. US Bancorp DE boosted its stake in Nomura by 17.5% during the 4th quarter. US Bancorp DE now owns 241,699 shares of the financial services provider’s stock valued at $1,399,000 after purchasing an additional 35,948 shares during the last quarter. Callan Family Office LLC bought a new stake in Nomura during the 4th quarter worth approximately $348,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Nomura in the fourth quarter worth approximately $1,087,000. Institutional investors own 15.14% of the company’s stock.

Analysts Set New Price Targets

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

Nomura Stock Up 3.9%

NMR opened at $6.17 on Wednesday. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.17 and a quick ratio of 1.11. The company’s 50-day moving average is $5.75 and its 200 day moving average is $6.03. Nomura Holdings, Inc. has a fifty-two week low of $4.66 and a fifty-two week high of $6.99. The firm has a market capitalization of $18.33 billion, a P/E ratio of 8.81, a PEG ratio of 0.30 and a beta of 0.77.

Nomura (NYSE:NMR) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $451.20 billion. Nomura had a return on equity of 9.19% and a net margin of 7.96%. Research analysts expect that Nomura Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

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.