AlTi Global Inc. Makes New Investment in Nomura Holdings Inc ADR $NMR

AlTi Global Inc. purchased a new position in Nomura Holdings Inc ADR (NYSE:NMR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,610 shares of the financial services provider’s stock, valued at approximately $69,000.

Several other hedge funds have also bought and sold shares of NMR. Abel Hall LLC purchased a new stake in Nomura in the 1st quarter worth $62,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Nomura in the 1st quarter worth about $71,000. Checchi Capital Advisers LLC bought a new stake in shares of Nomura in the 2nd quarter worth about $71,000. Clarius Group LLC bought a new stake in shares of Nomura in the 2nd quarter worth about $77,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of Nomura in the 2nd quarter worth about $78,000. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Wall Street Analysts Forecast Growth

NMR has been the topic of a number of research reports. Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Nomura in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Nomura Stock Performance

Shares of NYSE:NMR opened at $6.92 on Friday. The company has a market capitalization of $20.44 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 3.35 and a beta of 0.74. Nomura Holdings Inc ADR has a 12 month low of $4.86 and a 12 month high of $7.59. The firm’s 50-day moving average is $7.25 and its 200 day moving average is $6.55. 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) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.04 billion. Nomura had a net margin of 8.06% and a return on equity of 10.58%. Research analysts predict that Nomura Holdings Inc ADR will post 0.76 EPS for the current 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.