Nomura (NYSE:NMR) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Nomura (NYSE:NMR) from a buy rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other equities research analysts also recently weighed in on NMR. Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Weiss Ratings downgraded shares of Nomura from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $10.20.

Nomura Trading Down 0.8%

NMR opened at $9.39 on Friday. The company has a current ratio of 1.07, a quick ratio of 2.00 and a debt-to-equity ratio of 7.79. The firm has a market cap of $27.55 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.03 and a beta of 0.74. Nomura has a 12 month low of $6.88 and a 12 month high of $10.94. The stock has a fifty day moving average price of $9.84 and a 200-day moving average price of $9.02.

Nomura (NYSE:NMR) last issued its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Nomura had a return on equity of 10.51% and a net margin of 8.06%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.12 billion. As a group, equities research analysts anticipate that Nomura will post 1.00 earnings per share for the current fiscal year.

Institutional Trading of Nomura

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP boosted its position in Nomura by 18.4% during the first quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock worth $20,097,000 after purchasing an additional 395,656 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Nomura by 27.0% in the first quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider’s stock valued at $18,244,000 after purchasing an additional 491,400 shares during the period. Gradient Investments LLC grew its holdings in Nomura by 7.4% in the second quarter. Gradient Investments LLC now owns 638,711 shares of the financial services provider’s stock valued at $5,608,000 after purchasing an additional 43,849 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Nomura by 7.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 523,616 shares of the financial services provider’s stock valued at $4,131,000 after buying an additional 37,399 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Nomura by 1.9% in the third quarter. Quadrant Capital Group LLC now owns 293,827 shares of the financial services provider’s stock valued at $2,815,000 after buying an additional 5,389 shares in the last quarter. Institutional investors and hedge funds own 15.14% of the company’s stock.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group that provides investment, financing, and asset management services to individuals, corporations, financial institutions, and governments. Through its businesses, the company offers securities brokerage, investment banking, capital markets, research, advisory services, wealth management, and investment management.

Nomura’s principal operations are organized around its wealth management, investment management, and wholesale divisions.