Sequoia Financial Advisors LLC Boosts Stock Position in Nomura Holdings Inc ADR $NMR

Sequoia Financial Advisors LLC raised its holdings in Nomura Holdings Inc ADR (NYSE:NMR) by 236.2% during the first quarter, Holdings Channel reports. The institutional investor owned 166,873 shares of the financial services provider’s stock after buying an additional 117,233 shares during the period. Sequoia Financial Advisors LLC’s holdings in Nomura were worth $1,317,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kathmere Capital Management LLC boosted its position in shares of Nomura by 11.5% during the 1st quarter. Kathmere Capital Management LLC now owns 16,755 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 1,726 shares in the last quarter. Abel Hall LLC raised its position in shares of Nomura by 7.0% during the 1st quarter. Abel Hall LLC now owns 21,125 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 1,383 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Nomura by 108.2% during the first quarter. V Square Quantitative Management LLC now owns 6,118 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 3,179 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Nomura by 43.0% during the first quarter. QRG Capital Management Inc. now owns 72,071 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 21,678 shares during the last quarter. Finally, HB Wealth Management LLC boosted its holdings in Nomura by 28.4% in the first quarter. HB Wealth Management LLC now owns 26,794 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 5,924 shares in the last quarter. 15.14% of the stock is owned by hedge funds and other institutional investors.

Nomura Trading Down 2.5%

NYSE NMR opened at $9.79 on Friday. The firm’s fifty day moving average is $8.68 and its two-hundred day moving average is $8.57. Nomura Holdings Inc ADR has a one year low of $6.21 and a one year high of $10.06. The company has a debt-to-equity ratio of 7.38, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $28.71 billion, a PE ratio of 12.23, a P/E/G ratio of 2.89 and a beta of 0.69.

Nomura (NYSE:NMR) last announced its earnings results on Friday, April 24th. The financial services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). Nomura had a return on equity of 9.70% and a net margin of 7.64%.The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.43 billion. Analysts expect that Nomura Holdings Inc ADR will post 0.8 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on NMR shares. JPMorgan Chase & Co. upgraded shares of Nomura from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 19th. Weiss Ratings downgraded shares of Nomura from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Bank of America upgraded shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price for the company in a report on Thursday, June 25th. Finally, Nomura raised 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 research 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. According to MarketBeat, Nomura has a consensus rating of “Buy” and an average target price of $10.20.

Nomura 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.