Quantinno Capital Management LP Raises Stock Holdings in Nomura Holdings Inc ADR $NMR

Quantinno Capital Management LP raised its stake in shares of Nomura Holdings Inc ADR (NYSE:NMR) by 18.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,547,208 shares of the financial services provider’s stock after purchasing an additional 395,656 shares during the quarter. Quantinno Capital Management LP’s holdings in Nomura were worth $20,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Nomura during the 4th quarter valued at $25,000. Allworth Financial LP grew its position in Nomura by 90.7% in the fourth 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 in the last quarter. Farther Finance Advisors LLC grew its position in Nomura by 101.2% in the fourth quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 2,515 shares in the last quarter. Osaic Holdings Inc. increased its stake in Nomura by 1,019.0% in the second quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 5,859 shares during the last quarter. Finally, Sei Investments Co. bought a new position in Nomura in the second quarter valued at $67,000. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Wall Street Zen upgraded Nomura from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Nomura raised Nomura to a “buy” rating and set a $10.20 price objective on the stock in a report on Thursday, June 25th. Finally, Bank of America upgraded Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price for the company in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $10.20.

Nomura Price Performance

Shares of NYSE:NMR opened at $9.68 on Friday. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 8.06. The stock has a market cap of $28.38 billion, a PE ratio of 11.25, a PEG ratio of 1.05 and a beta of 0.69. The company’s fifty day moving average is $9.04 and its 200 day moving average is $8.65. Nomura Holdings Inc ADR has a 52 week low of $6.59 and a 52 week high of $10.06.

Nomura (NYSE:NMR) last posted 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 during the quarter. Research analysts anticipate that Nomura Holdings Inc ADR will post 0.93 earnings per share for the current year.

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.