Nomura (NYSE:NMR) Stock Rating 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 note published on Saturday,Wall Street Zen reports.

Several other research firms also recently weighed in on NMR. Bank of America upgraded Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price on the stock in a research report on Thursday, June 25th. Zacks Research upgraded Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Nomura raised Nomura to a “buy” rating and set a $10.20 price objective for the company in a research note on Thursday, June 25th. Finally, Weiss Ratings raised shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $10.20.

Nomura Stock Up 3.0%

Shares of NYSE NMR opened at $10.06 on Friday. The company’s 50-day simple moving average is $10.01 and its 200-day simple moving average is $8.95. Nomura has a 52-week low of $6.71 and a 52-week high of $10.94. The firm has a market cap of $29.53 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.06.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in Nomura by 27.0% during the first 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. Quantinno Capital Management LP grew its stake in shares of Nomura by 18.4% in 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 buying an additional 395,656 shares during the period. Donald Smith & CO. Inc. grew its stake in shares of Nomura by 2.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider’s stock valued at $106,516,000 after buying an additional 274,787 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Nomura by 236.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 166,873 shares of the financial services provider’s stock worth $1,317,000 after buying an additional 117,233 shares during the last quarter. Finally, Vise Technologies Inc. increased its holdings in shares of Nomura by 227.7% during the 2nd quarter. Vise Technologies Inc. now owns 153,947 shares of the financial services provider’s stock worth $1,352,000 after buying an additional 106,974 shares during the last quarter. Institutional investors and hedge funds 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.