Ethic Inc. Cuts Position in Nomura Holdings, Inc. (NYSE:NMR)

Ethic Inc. decreased its position in shares of Nomura Holdings, Inc. (NYSE:NMR) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,175,828 shares of the financial services provider’s stock after selling 62,682 shares during the period. Ethic Inc.’s holdings in Nomura were worth $6,808,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Nomura by 225.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,737 shares of the financial services provider’s stock valued at $484,000 after buying an additional 64,268 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of Nomura in the 4th quarter worth approximately $1,254,000. US Bancorp DE boosted its stake in shares of Nomura by 17.5% in the 4th quarter. US Bancorp DE now owns 241,699 shares of the financial services provider’s stock valued at $1,399,000 after purchasing an additional 35,948 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Nomura in the 4th quarter valued at $348,000. Finally, Raymond James Financial Inc. bought a new position in shares of Nomura during the 4th quarter valued at $1,087,000. Institutional investors own 15.14% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Nomura from a “buy” rating to a “hold” rating in a research report on Monday, April 28th.

Nomura Price Performance

Shares of Nomura stock opened at $5.63 on Friday. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.17 and a quick ratio of 1.11. Nomura Holdings, Inc. has a one year low of $4.66 and a one year high of $6.99. The business’s 50 day simple moving average is $5.86 and its two-hundred day simple moving average is $5.97. The stock has a market capitalization of $16.73 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 0.30 and a beta of 0.77.

Nomura (NYSE:NMR) last issued its earnings results on Friday, April 25th. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $451.20 billion. Nomura had a return on equity of 9.19% and a net margin of 7.96%. Analysts forecast that Nomura Holdings, Inc. will post 0.76 EPS for the current year.

Nomura Profile

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.