Canopy Partners LLC Trims Stock Position in Nomura Holdings Inc ADR $NMR

Canopy Partners LLC lessened its holdings in Nomura Holdings Inc ADR (NYSE:NMR) by 20.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,034 shares of the financial services provider’s stock after selling 3,499 shares during the quarter. Canopy Partners LLC’s holdings in Nomura were worth $92,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NMR. Adero Partners LLC boosted its holdings in shares of Nomura by 18.2% during the 1st quarter. Adero Partners LLC now owns 12,006 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,848 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Nomura by 0.9% during the 1st quarter. QRG Capital Management Inc. now owns 221,065 shares of the financial services provider’s stock worth $1,360,000 after purchasing an additional 1,991 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of Nomura by 10.8% during the 1st quarter. Ieq Capital LLC now owns 21,082 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 2,055 shares during the last quarter. BSW Wealth Partners boosted its holdings in shares of Nomura by 3.0% during the 1st quarter. BSW Wealth Partners now owns 79,360 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 2,327 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of Nomura by 3.5% during the 1st quarter. Ballentine Partners LLC now owns 73,338 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 2,476 shares during the last quarter. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Nomura Stock Up 0.8%

NYSE:NMR opened at $7.17 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.58. The stock’s fifty day moving average is $7.25 and its two-hundred day moving average is $6.45. Nomura Holdings Inc ADR has a 52 week low of $4.86 and a 52 week high of $7.59. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 3.45 and a beta of 0.74.

Nomura (NYSE:NMR) last released its quarterly earnings results 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 return on equity of 10.58% and a net margin of 8.06%.The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.04 billion. Research analysts anticipate that Nomura Holdings Inc ADR will post 0.76 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NMR shares. Weiss Ratings restated a “hold (c)” rating on shares of Nomura in a report on Wednesday. Zacks Research upgraded Nomura from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 17th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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.