Nomura (NYSE:NMR) Stock Rating Lowered by Wall Street Zen

Nomura (NYSE:NMR) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

NMR has been the topic of a number of other research reports. Weiss Ratings lowered Nomura from a “buy (b-)” rating to a “hold (c+)” rating in a report 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 investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Nomura currently has an average rating of “Buy” and a consensus price target of $10.20.

Nomura Price Performance

Shares of NYSE NMR opened at $9.39 on Friday. The company has a debt-to-equity ratio of 7.79, a quick ratio of 2.00 and a current ratio of 1.07. Nomura has a fifty-two week low of $6.88 and a fifty-two week high of $10.94. The firm has a market capitalization of $27.55 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.03 and a beta of 0.81. The stock’s 50-day simple moving average is $9.84 and its 200-day simple moving average is $9.02.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.12 billion. Nomura had a return on equity of 10.51% and a net margin of 8.06%. As a group, equities research analysts forecast that Nomura will post 1.00 EPS for the current fiscal year.

Institutional Trading of Nomura

Institutional investors have recently bought and sold shares of the stock. Trust Point Inc. raised its stake in Nomura by 7.0% in the second quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider’s stock valued at $154,000 after buying an additional 1,140 shares during the last quarter. Abel Hall LLC increased its stake in shares of Nomura by 7.0% during the first quarter. Abel Hall LLC now owns 21,125 shares of the financial services provider’s stock worth $167,000 after buying an additional 1,383 shares during the period. Kathmere Capital Management LLC boosted its position in shares of Nomura by 11.5% in the 1st quarter. Kathmere Capital Management LLC now owns 16,755 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 1,726 shares during the period. Choreo LLC boosted its position in shares of Nomura by 3.4% during the 3rd quarter. Choreo LLC now owns 57,598 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 1,902 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Nomura by 25.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,664 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 2,138 shares during the last quarter. 15.14% of the stock is currently owned by institutional investors.

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.