Shares of Nomura Holdings Inc. (NYSE:NMR) were down 2.6% on Wednesday . The stock traded as low as $3.38 and last traded at $3.42, with a volume of 730,084 shares. The stock had previously closed at $3.51.

Several analysts have recently weighed in on NMR shares. Morgan Stanley cut Nomura Holdings from an “overweight” rating to an “equal” rating in a report on Friday. Zacks Investment Research upgraded Nomura Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Daiwa Capital Markets cut Nomura Holdings from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Jefferies Group lowered Nomura Holdings from an “outperform” rating to a “neutral” rating in a research note on Friday, June 24th. Finally, JPMorgan Chase & Co. lowered Nomura Holdings from a “neutral” rating to an “underweight” rating in a research note on Friday, June 24th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of “Hold”.

The stock’s 50-day moving average is $3.92 and its 200 day moving average is $4.48. The firm has a market cap of $12.58 billion and a PE ratio of 10.12.

Nomura Holdings (NYSE:NMR) last released its quarterly earnings results on Wednesday, April 27th. The company reported ($5.33) earnings per share for the quarter, missing the consensus estimate of $4.25 by $9.58. The business earned $362.22 billion during the quarter, compared to analysts’ expectations of $315.58 billion. The business’s revenue was down 29.0% on a year-over-year basis. On average, equities research analysts anticipate that Nomura Holdings Inc. will post $0.34 EPS for the current year.

Other institutional investors have recently made changes to their positions in the company. Comerica Bank raised its position in shares of Nomura Holdings by 3.2% in the fourth quarter. Comerica Bank now owns 211,718 shares of the company’s stock valued at $1,097,000 after buying an additional 6,597 shares during the period. World Asset Management Inc raised its position in shares of Nomura Holdings by 2.4% in the fourth quarter. World Asset Management Inc now owns 202,847 shares of the company’s stock valued at $1,126,000 after buying an additional 4,671 shares during the period. Finally, Thornburg Investment Management Inc. raised its position in shares of Nomura Holdings by 9.7% in the fourth quarter. Thornburg Investment Management Inc. now owns 608,790 shares of the company’s stock valued at $3,379,000 after buying an additional 53,616 shares during the period.

Nomura Holdings, Inc (Nomura) is a Japan-based financial services company. The Company operates through three business segments: Retail, Asset Management and Wholesale. The Retail segment provides investment consultation services to individual clients in Japan. The Asset Management segment develops and manages investment trusts, and provides investment advisory services.

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