Nomura (NYSE:NMR) 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 released on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Nomura from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 23rd. Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $10.20.

Nomura Stock Performance

Nomura stock opened at $9.55 on Friday. Nomura has a twelve month low of $6.88 and a twelve month high of $10.94. The company has a market capitalization of $28.02 billion, a P/E ratio of 10.60, a PEG ratio of 1.01 and a beta of 0.74. The stock’s 50 day moving average is $9.84 and its 200 day moving average is $9.02. 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 posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.12 billion. Nomura had a return on equity of 10.47% and a net margin of 8.06%. On average, equities research analysts predict that Nomura will post 1.00 earnings per share for the current fiscal year.

Institutional Trading of Nomura

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in shares of Nomura by 27.0% in the first quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider’s stock valued at $18,244,000 after purchasing an additional 491,400 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Nomura by 18.4% during the first quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock worth $20,097,000 after purchasing an additional 395,656 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in 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 acquiring an additional 117,233 shares in the last quarter. Vise Technologies Inc. raised its position in Nomura by 227.7% in the 2nd quarter. Vise Technologies Inc. now owns 153,947 shares of the financial services provider’s stock valued at $1,352,000 after purchasing an additional 106,974 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Nomura in the 2nd quarter valued at $836,000. 15.14% of the stock is owned by institutional investors and hedge funds.

About Nomura

Nomura Holdings, Inc is a Japan-based financial services group that provides investment, financing, and asset management services to individuals, corporations, financial institutions, and governments. Through its businesses, the company offers securities brokerage, investment banking, capital markets, research, advisory services, wealth management, and investment management.

Nomura’s principal operations are organized around its wealth management, investment management, and wholesale divisions.