Formidable Asset Management LLC Acquires Shares of 62,900 Nomura Holdings Inc ADR $NMR

Formidable Asset Management LLC acquired a new stake in Nomura Holdings Inc ADR (NYSE:NMR) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 62,900 shares of the financial services provider’s stock, valued at approximately $414,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abel Hall LLC acquired a new position in Nomura in the 1st quarter valued at $62,000. Focus Partners Advisor Solutions LLC acquired a new position in Nomura in the 1st quarter valued at $71,000. Adero Partners LLC raised its holdings in Nomura by 18.2% in the 1st quarter. Adero Partners LLC now owns 12,006 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 1,848 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in Nomura in the 2nd quarter valued at $78,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in Nomura in the 1st quarter valued at $81,000. 15.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Nomura from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Nomura Trading Up 1.6%

Shares of NMR opened at $7.56 on Friday. Nomura Holdings Inc ADR has a 52-week low of $4.86 and a 52-week high of $7.59. The business’s fifty day moving average is $7.17 and its 200-day moving average is $6.41. 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 firm has a market cap of $22.35 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 3.61 and a beta of 0.77.

Nomura (NYSE:NMR) last issued its quarterly earnings results 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). Nomura had a net margin of 8.06% and a return on equity of 10.58%. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.04 billion. 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.