Nomura Holdings Inc (NYSE:NMR) was downgraded by Bank of America Corp from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday.
Several other research firms have also recently weighed in on NMR. Nomura upgraded Nomura Holdings from a “sell” rating to a “neutral” rating in a research note on Sunday, December 11th. Zacks Investment Research cut Nomura Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th. Morgan Stanley upgraded Nomura Holdings from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 17th. Finally, TheStreet cut Nomura Holdings from a “c” rating to a “d+” rating in a research note on Tuesday, January 31st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $6.75.
Nomura Holdings (NYSE:NMR) traded up 0.99% during midday trading on Thursday, hitting $6.15. 61,102 shares of the stock traded hands. The firm’s 50-day moving average is $6.33 and its 200-day moving average is $5.88. Nomura Holdings has a 52-week low of $3.33 and a 52-week high of $6.80. The company has a market cap of $21.67 billion, a price-to-earnings ratio of 15.77 and a beta of 1.85.
Nomura Holdings (NYSE:NMR) last posted its earnings results on Tuesday, January 31st. The financial services provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. The firm earned $3.38 billion during the quarter. Nomura Holdings had a return on equity of 6.00% and a net margin of 10.37%. Analysts predict that Nomura Holdings will post $0.47 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cypress Wealth Advisors LLC raised its position in Nomura Holdings by 9.4% in the fourth quarter. Cypress Wealth Advisors LLC now owns 17,041 shares of the financial services provider’s stock valued at $101,000 after buying an additional 1,471 shares during the period. BOKF NA raised its position in Nomura Holdings by 19.5% in the third quarter. BOKF NA now owns 22,729 shares of the financial services provider’s stock valued at $101,000 after buying an additional 3,716 shares during the period. Checchi Capital Advisers LLC raised its position in Nomura Holdings by 35.7% in the third quarter. Checchi Capital Advisers LLC now owns 29,625 shares of the financial services provider’s stock valued at $132,000 after buying an additional 7,793 shares during the period. US Bancorp DE raised its position in Nomura Holdings by 126.2% in the third quarter. US Bancorp DE now owns 40,448 shares of the financial services provider’s stock worth $180,000 after buying an additional 22,568 shares during the last quarter. Finally, Tyers Asset Management LLC bought a new position in Nomura Holdings during the fourth quarter worth about $180,000. 0.48% of the stock is currently owned by institutional investors.
About Nomura Holdings
Nomura Holdings, Inc (Nomura) is a financial services company. The Company, through its broker-dealer, banking and other financial services subsidiaries, provide investment, financing and related services to individual, institutional and government clients across the world. The Company’s segments include Retail, Asset Management and Wholesale.
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