Nomura (NYSE:NMR) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Nomura (NYSE:NMR) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

NMR has been the subject of several other research reports. Weiss Ratings upgraded Nomura from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Bank of America raised shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price for the company in a report on Thursday, June 25th. Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Nomura raised shares of Nomura to a “buy” rating and set a $10.20 price target on the stock in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $10.20.

Nomura Stock Performance

Shares of NYSE NMR opened at $10.03 on Friday. The company has a market cap of $29.41 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.14 and a beta of 0.70. Nomura has a 52-week low of $6.71 and a 52-week high of $10.94. The company has a debt-to-equity ratio of 8.06, a quick ratio of 2.00 and a current ratio of 2.00. The firm’s fifty day moving average is $10.03 and its two-hundred day moving average is $8.97.

Nomura (NYSE:NMR) last released its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $0.30 EPS for the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. The business had revenue of $4.19 billion during the quarter. As a group, analysts anticipate that Nomura will post 0.98 EPS for the current fiscal year.

Institutional Trading of Nomura

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Donald Smith & CO. Inc. increased its position in Nomura by 2.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider’s stock valued at $106,516,000 after acquiring an additional 274,787 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Nomura by 18.4% during the 1st quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock valued at $20,097,000 after purchasing an additional 395,656 shares during the last quarter. Renaissance Technologies LLC raised its position in Nomura by 27.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider’s stock worth $18,244,000 after purchasing an additional 491,400 shares during the period. Gradient Investments LLC raised its position in Nomura by 7.4% in the 2nd quarter. Gradient Investments LLC now owns 638,711 shares of the financial services provider’s stock worth $5,608,000 after purchasing an additional 43,849 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Nomura by 7.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 523,616 shares of the financial services provider’s stock worth $4,131,000 after purchasing an additional 37,399 shares during the last quarter. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group and the parent company of Nomura Securities Co, Ltd. Its businesses serve individual investors, corporations, financial institutions, governments and other organizations through a range of investment and advisory services.

The company operates through three primary areas: retail, which provides wealth management, investment products and financial advice; investment management, which offers asset management and investment advisory services; and wholesale, which includes investment banking, equity and fixed-income sales and trading, research, and related capital-markets services.