Citadel Advisors LLC Has $996,000 Stock Holdings in Nomura Holdings Inc ADR $NMR

Citadel Advisors LLC trimmed its position in shares of Nomura Holdings Inc ADR (NYSE:NMR) by 48.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 113,433 shares of the financial services provider’s stock after selling 107,298 shares during the quarter. Citadel Advisors LLC’s holdings in Nomura were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of Nomura by 90.7% in the 4th quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,447 shares during the period. Eastern Bank bought a new stake in shares of Nomura during the second quarter valued at approximately $31,000. Osaic Holdings Inc. increased its position in shares of Nomura by 1,019.0% during the second quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 5,859 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Nomura by 108.2% in the first quarter. V Square Quantitative Management LLC now owns 6,118 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 3,179 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in shares of Nomura in the second quarter valued at $67,000. Institutional investors and hedge funds own 15.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Nomura Trading Up 0.9%

NMR stock opened at $10.54 on Friday. The business has a fifty day moving average price of $9.86 and a 200 day moving average price of $8.83. The company has a debt-to-equity ratio of 8.06, a current ratio of 2.00 and a quick ratio of 2.00. Nomura Holdings Inc ADR has a fifty-two week low of $6.71 and a fifty-two week high of $10.79. The stock has a market capitalization of $30.94 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.13 and a beta of 0.70.

Nomura (NYSE:NMR) last issued its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. The business had revenue of $4.19 billion for the quarter. Analysts expect that Nomura Holdings Inc ADR will post 0.93 EPS for the current fiscal year.

Nomura Profile

Nomura Holdings, Inc is a Japan-based financial services group and the parent company of Nomura Securities Co, Ltd. Its businesses serve individual investors, corporations, financial institutions, governments and other organizations through a range of investment and advisory services.

The company operates through three primary areas: retail, which provides wealth management, investment products and financial advice; investment management, which offers asset management and investment advisory services; and wholesale, which includes investment banking, equity and fixed-income sales and trading, research, and related capital-markets services.