Nomura Holdings Inc ADR $NMR Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in shares of Nomura Holdings Inc ADR (NYSE:NMR) by 94.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,995 shares of the financial services provider’s stock after purchasing an additional 53,554 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Nomura were worth $966,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in shares of Nomura by 27.0% during 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 acquiring an additional 491,400 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Nomura by 236.2% in the first quarter. Sequoia Financial Advisors LLC now owns 166,873 shares of the financial services provider’s stock worth $1,317,000 after acquiring an additional 117,233 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Nomura by 18.4% in 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 acquiring an additional 395,656 shares during the last quarter. M&T Bank Corp increased its position in shares of Nomura by 254.7% during the fourth quarter. M&T Bank Corp now owns 126,114 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 90,559 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Nomura by 32.4% during the fourth quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider’s stock worth $110,341,000 after purchasing an additional 3,221,008 shares in the last quarter. Institutional investors and hedge funds own 15.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Nomura upgraded Nomura to a “buy” rating and set a $10.20 price objective on the stock in a report on Thursday, June 25th. Wall Street Zen raised shares of Nomura from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. 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 research note on Thursday, June 25th. Finally, Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. One investment 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $10.20.

Nomura Price Performance

NMR stock opened at $10.01 on Friday. The business has a fifty day moving average of $9.33 and a two-hundred day moving average of $8.69. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.06. The stock has a market cap of $29.35 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.07 and a beta of 0.69. Nomura Holdings Inc ADR has a 52-week low of $6.71 and a 52-week high of $10.06.

Nomura (NYSE:NMR) last announced its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 EPS for the quarter. The business had revenue of $4.19 billion for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%. As a group, 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.