Nomura Holdings Inc ADR $NMR Position Cut by Ethic Inc.

Ethic Inc. trimmed its holdings in Nomura Holdings Inc ADR (NYSE:NMR) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 980,292 shares of the financial services provider’s stock after selling 71,810 shares during the quarter. Ethic Inc.’s holdings in Nomura were worth $6,470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NMR. GAMMA Investing LLC grew its holdings in Nomura by 43.4% in the 1st quarter. GAMMA Investing LLC now owns 17,921 shares of the financial services provider’s stock worth $110,000 after buying an additional 5,421 shares in the last quarter. PDS Planning Inc boosted its stake in Nomura by 11.0% during the 1st quarter. PDS Planning Inc now owns 39,391 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 3,888 shares in the last quarter. BSW Wealth Partners boosted its stake in Nomura by 3.0% during the 1st quarter. BSW Wealth Partners now owns 79,360 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 2,327 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Nomura by 7.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 54,942 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 3,990 shares in the last quarter. Finally, Summit Trail Advisors LLC bought a new position in Nomura during the 1st quarter valued at $88,000. 15.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NMR shares. Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nomura in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Nomura Price Performance

Shares of NYSE:NMR opened at $6.99 on Thursday. Nomura Holdings Inc ADR has a one year low of $4.86 and a one year high of $7.59. The stock has a fifty day moving average of $7.26 and a 200-day moving average of $6.51. The company has a market capitalization of $20.66 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 3.43 and a beta of 0.74. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.13.

Nomura (NYSE:NMR) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Nomura had a net margin of 8.06% and a return on equity of 10.58%. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.04 billion. As a group, equities analysts anticipate that Nomura Holdings Inc ADR will post 0.76 EPS for the current fiscal year.

About Nomura

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.