Donald Smith & CO. Inc. Has $107.22 Million Stock Holdings in Nomura Holdings Inc ADR $NMR

Donald Smith & CO. Inc. reduced its position in shares of Nomura Holdings Inc ADR (NYSE:NMR) by 7.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,211,249 shares of the financial services provider’s stock after selling 958,244 shares during the quarter. Nomura accounts for about 1.9% of Donald Smith & CO. Inc.’s holdings, making the stock its 26th biggest position. Donald Smith & CO. Inc.’s holdings in Nomura were worth $107,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Point Inc. increased its stake in shares of 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 period. Franklin Resources Inc. boosted its position in Nomura by 2.8% during the 4th quarter. Franklin Resources Inc. now owns 42,647 shares of the financial services provider’s stock worth $358,000 after buying an additional 1,148 shares during the period. Parallel Advisors LLC grew its holdings in Nomura by 5.6% during the 4th quarter. Parallel Advisors LLC now owns 22,208 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 1,176 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in Nomura by 6.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 21,392 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 1,231 shares during the last quarter. Finally, Mayflower Financial Advisors LLC increased its position in Nomura by 10.9% in the 1st quarter. Mayflower Financial Advisors LLC now owns 13,834 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 1,361 shares during the period. Institutional investors and hedge funds own 15.14% of the company’s stock.

Analysts Set New Price Targets

NMR has been the subject of several analyst reports. Nomura raised shares of Nomura to a “buy” rating and set a $10.20 price target for the company in a research note on Thursday, June 25th. Weiss Ratings raised shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Bank of America upgraded Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price objective for the company in a report on Thursday, June 25th. Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised Nomura from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nomura has a consensus rating of “Buy” and a consensus price target of $10.20.

Nomura Stock Performance

Shares of NMR stock opened at $9.72 on Friday. The company has a market cap of $28.52 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.02 and a beta of 0.69. Nomura Holdings Inc ADR has a 52 week low of $6.71 and a 52 week high of $10.06. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.06. The firm has a 50 day moving average of $9.46 and a 200-day moving average of $8.72.

Nomura (NYSE:NMR) last released its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share for the quarter. The company had revenue of $4.19 billion during the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. On average, equities analysts forecast that Nomura Holdings Inc ADR will post 0.93 earnings per share for the current year.

Nomura Company Profile

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.