JPMorgan Chase & Co. Upgrades Nomura (NYSE:NMR) to Overweight

Nomura (NYSE:NMR) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Thursday,Benzinga reports.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Nomura in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

Nomura Trading Up 1.0%

Shares of NYSE NMR traded up $0.08 during trading on Thursday, hitting $7.67. 2,015,259 shares of the company traded hands, compared to its average volume of 1,746,076. Nomura has a 1 year low of $4.86 and a 1 year high of $9.58. The company has a 50-day moving average price of $8.80 and a 200-day moving average price of $7.97. The firm has a market capitalization of $22.49 billion, a P/E ratio of 9.70, a P/E/G ratio of 1.79 and a beta of 0.67. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 7.54.

Nomura (NYSE:NMR) last issued its earnings results on Friday, January 30th. The financial services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). Nomura had a return on equity of 9.88% and a net margin of 7.81%.The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.25 billion. On average, equities analysts predict that Nomura will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in shares of Nomura by 12.5% during the 1st quarter. AQR Capital Management LLC now owns 289,538 shares of the financial services provider’s stock valued at $1,781,000 after buying an additional 32,206 shares during the period. Goldman Sachs Group Inc. grew its position in Nomura by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 4,617,888 shares of the financial services provider’s stock valued at $28,400,000 after acquiring an additional 289,984 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Nomura by 38.4% during the first quarter. Focus Partners Wealth now owns 22,574 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 6,268 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Nomura by 35.6% during the second quarter. Sivia Capital Partners LLC now owns 19,272 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 5,060 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Nomura by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 34,913 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 1,983 shares in the last quarter. Institutional investors and hedge funds own 15.14% of the company’s stock.

About Nomura

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.