M&T Bank Corp Increases Position in Nomura Holdings Inc ADR $NMR

M&T Bank Corp raised its position in Nomura Holdings Inc ADR (NYSE:NMR) by 254.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,114 shares of the financial services provider’s stock after purchasing an additional 90,559 shares during the quarter. M&T Bank Corp’s holdings in Nomura were worth $1,058,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NMR. AlphaCore Capital LLC boosted its holdings in Nomura by 511.7% in the 3rd quarter. AlphaCore Capital LLC now owns 144,264 shares of the financial services provider’s stock valued at $1,049,000 after purchasing an additional 120,680 shares during the period. JPMorgan Chase & Co. raised its position in shares of Nomura by 37.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 236,717 shares of the financial services provider’s stock valued at $1,721,000 after buying an additional 63,994 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in shares of Nomura during the 3rd quarter valued at $768,000. New York State Common Retirement Fund purchased a new stake in shares of Nomura during the 3rd quarter valued at $768,000. Finally, Fisher Asset Management LLC raised its position in shares of Nomura by 1.0% during the 3rd quarter. Fisher Asset Management LLC now owns 9,930,506 shares of the financial services provider’s stock valued at $72,195,000 after buying an additional 100,704 shares in the last quarter. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Analyst Ratings Changes

NMR has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Nomura from a “neutral” rating to an “overweight” rating in a research report on Thursday, March 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Nomura in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Nomura has a consensus rating of “Buy”.

Nomura Price Performance

Shares of NYSE:NMR opened at $8.09 on Friday. The stock has a market cap of $23.72 billion, a PE ratio of 10.11, a PEG ratio of 1.87 and a beta of 0.75. The company’s fifty day moving average is $8.15 and its 200 day moving average is $8.13. Nomura Holdings Inc ADR has a 52 week low of $5.48 and a 52 week high of $9.58. The company has a quick ratio of 1.13, a current ratio of 1.08 and a debt-to-equity ratio of 7.38.

Nomura (NYSE:NMR) last issued its earnings results on Friday, April 24th. The financial services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Nomura had a return on equity of 9.70% and a net margin of 7.64%. Research analysts anticipate that Nomura Holdings Inc ADR will post 0.79 earnings per share for the current year.

Nomura Company Profile

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.