New York State Common Retirement Fund Takes $768,000 Position in Nomura Holdings Inc ADR $NMR

New York State Common Retirement Fund purchased a new position in shares of Nomura Holdings Inc ADR (NYSE:NMR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 105,691 shares of the financial services provider’s stock, valued at approximately $768,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC increased its position in Nomura by 288.5% during the 2nd quarter. NewSquare Capital LLC now owns 4,402 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 3,269 shares during the period. MAI Capital Management boosted its stake in shares of Nomura by 1,562.0% in the second quarter. MAI Capital Management now owns 6,000 shares of the financial services provider’s stock valued at $39,000 after buying an additional 5,639 shares in the last quarter. Osaic Holdings Inc. grew its holdings 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 worth $42,000 after acquiring an additional 5,859 shares during the period. Global Retirement Partners LLC raised its position in Nomura by 196.5% in the third quarter. Global Retirement Partners LLC now owns 6,588 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 4,366 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Nomura by 467.2% in the third quarter. Parkside Financial Bank & Trust now owns 7,442 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 6,130 shares during the period. Institutional investors and hedge funds own 15.14% of the company’s stock.

Nomura Trading Up 0.9%

NYSE:NMR opened at $9.37 on Wednesday. Nomura Holdings Inc ADR has a 52-week low of $4.86 and a 52-week high of $9.52. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 7.54. The stock has a fifty day simple moving average of $8.65 and a 200-day simple moving average of $7.71. The company has a market capitalization of $27.49 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 2.18 and a beta of 0.68.

Nomura (NYSE:NMR) last posted its earnings results on Friday, January 30th. The financial services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Nomura had a net margin of 7.81% and a return on equity of 9.88%. On average, equities research analysts expect that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NMR shares. Zacks Research raised shares of Nomura from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Nomura in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Nomura currently has an average rating of “Buy”.

About Nomura

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.