Donald Smith & CO. Inc. Has $107.22 Million Stake in Nomura Holdings Inc ADR $NMR

Donald Smith & CO. Inc. cut its holdings in Nomura Holdings Inc ADR (NYSE:NMR) by 7.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,211,249 shares of the financial services provider’s stock after selling 958,244 shares during the period. Nomura makes up approximately 1.9% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 26th largest position. Donald Smith & CO. Inc. owned about 0.42% of Nomura worth $107,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Trust Point Inc. increased its holdings in shares of Nomura by 7.0% during the second quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,140 shares during the period. Franklin Resources Inc. boosted its stake in shares of Nomura by 2.8% in the fourth quarter. Franklin Resources Inc. now owns 42,647 shares of the financial services provider’s stock valued at $358,000 after buying an additional 1,148 shares during the period. Parallel Advisors LLC boosted its stake in shares of Nomura by 5.6% in the fourth quarter. Parallel Advisors LLC now owns 22,208 shares of the financial services provider’s stock valued at $186,000 after buying an additional 1,176 shares during the period. Valeo Financial Advisors LLC grew its position in Nomura by 6.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 21,392 shares of the financial services provider’s stock worth $179,000 after buying an additional 1,231 shares in the last quarter. Finally, Mayflower Financial Advisors LLC grew its position in Nomura by 10.9% during the first quarter. Mayflower Financial Advisors LLC now owns 13,834 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,361 shares in the last quarter. Institutional investors and hedge funds own 15.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on NMR. Bank of America upgraded Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price objective on the stock in a research note on Thursday, June 25th. Wall Street Zen raised Nomura from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised Nomura from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Zacks Research upgraded Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Nomura raised Nomura to a “buy” rating and set a $10.20 price target for the company in a research note on Thursday, June 25th. One equities research 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 stock. Based on data from MarketBeat.com, Nomura has an average rating of “Buy” and an average price target of $10.20.

Nomura Price Performance

NMR stock opened at $9.72 on Friday. The stock has a market cap of $28.52 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 1.02 and a beta of 0.69. The company has a debt-to-equity ratio of 8.06, a current ratio of 2.00 and a quick ratio of 2.00. The company has a 50 day simple moving average of $9.46 and a 200 day simple moving average of $8.72. Nomura Holdings Inc ADR has a 1 year low of $6.71 and a 1 year high of $10.06.

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