Nomura Holdings Inc ADR $NMR Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its position in shares of Nomura Holdings Inc ADR (NYSE:NMR) by 94.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,995 shares of the financial services provider’s stock after purchasing an additional 53,554 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Nomura were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Gradient Investments LLC lifted its holdings in shares of Nomura by 7.4% during the second 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. Trust Point Inc. boosted its position in Nomura by 7.0% in the second quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider’s stock valued at $154,000 after buying an additional 1,140 shares during the last quarter. 55 North Private Wealth LLC acquired a new position in Nomura in the 2nd quarter worth approximately $200,000. Foster Group Inc. acquired a new position in Nomura in the 2nd quarter worth approximately $88,000. Finally, Baron Wealth Management LLC raised its position in Nomura by 78.2% during the 2nd quarter. Baron Wealth Management LLC now owns 29,766 shares of the financial services provider’s stock worth $261,000 after buying an additional 13,064 shares during the last quarter. 15.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings upgraded shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Nomura upgraded shares of Nomura to a “buy” rating and set a $10.20 price objective on the stock in a research note on Thursday, June 25th. 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. Wall Street Zen upgraded shares of Nomura from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Zacks Research raised shares of Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $10.20.

Nomura Price Performance

Shares of Nomura stock opened at $10.01 on Friday. The firm has a market cap of $29.35 billion, a PE ratio of 11.63, a P/E/G ratio of 1.07 and a beta of 0.69. Nomura Holdings Inc ADR has a twelve month low of $6.71 and a twelve month high of $10.06. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.06. The business has a 50-day moving average price of $9.33 and a 200 day moving average price of $8.69.

Nomura (NYSE:NMR) last issued its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%.The company had revenue of $4.19 billion for the quarter. Sell-side analysts predict that Nomura Holdings Inc ADR will post 0.93 earnings per share for the current fiscal year.

Nomura 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.