Nomura (NYSE:NMR) Rating Lowered to Hold at Wall Street Zen

Nomura (NYSE:NMR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other research firms have also weighed in on NMR. Nomura upgraded shares of Nomura to a “buy” rating and set a $10.20 price objective on the stock in a research note on Thursday, June 25th. Bank of America raised shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target on the stock in a report on Thursday, June 25th. Weiss Ratings raised Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Finally, Zacks Research upgraded Nomura from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $10.20.

Nomura Price Performance

Shares of NYSE:NMR opened at $10.06 on Friday. Nomura has a twelve month low of $6.71 and a twelve month high of $10.94. The company’s 50 day moving average is $10.01 and its 200 day moving average is $8.96. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06. The company has a market cap of $29.53 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70.

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 company had revenue of $4.19 billion during the quarter. On average, sell-side analysts forecast that Nomura will post 0.98 EPS for the current year.

Hedge Funds Weigh In On Nomura

Several institutional investors have recently made changes to their positions in NMR. Donald Smith & CO. Inc. boosted its holdings in Nomura by 2.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider’s stock worth $106,516,000 after buying an additional 274,787 shares in the last quarter. Quantinno Capital Management LP grew 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 valued at $20,097,000 after buying an additional 395,656 shares during the period. Renaissance Technologies LLC increased 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 buying an additional 491,400 shares in the last quarter. Gradient Investments LLC increased 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 buying an additional 43,849 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised 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 worth $4,131,000 after acquiring an additional 37,399 shares during the period. 15.14% of the stock is owned by hedge funds and other institutional investors.

Nomura Company 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.