Ethic Inc. Trims Stock Position in Nomura Holdings Inc ADR (NYSE:NMR)

Ethic Inc. lessened its holdings in Nomura Holdings Inc ADR (NYSE:NMR) by 10.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,052,102 shares of the financial services provider’s stock after selling 123,726 shares during the period. Ethic Inc.’s holdings in Nomura were worth $6,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Abel Hall LLC purchased a new stake in shares of Nomura in the first quarter valued at about $62,000. Adero Partners LLC lifted its holdings in shares of Nomura by 18.2% in the first quarter. Adero Partners LLC now owns 12,006 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,848 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Nomura in the first quarter valued at about $81,000. Summit Trail Advisors LLC purchased a new stake in shares of Nomura in the first quarter valued at about $88,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Nomura in the fourth quarter valued at about $84,000. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Nomura Stock Performance

Shares of NMR opened at $7.38 on Friday. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 6.87 and a beta of 0.78. The company’s 50 day simple moving average is $6.55 and its 200 day simple moving average is $6.25. Nomura Holdings Inc ADR has a 1 year low of $4.86 and a 1 year high of $7.46.

Nomura (NYSE:NMR) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Nomura had a net margin of 8.06% and a return on equity of 10.58%. On average, sell-side analysts predict that Nomura Holdings Inc ADR will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Nomura from a “buy” rating to a “hold” rating in a research note on Monday, April 28th.

Nomura Company 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.