Nomura (NYSE:NMR) Upgraded at Zacks Research

Zacks Research upgraded shares of Nomura (NYSE:NMR) from a strong sell rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

Nomura Stock Down 1.2%

NMR stock opened at $7.47 on Wednesday. Nomura has a 1-year low of $4.86 and a 1-year high of $7.59. The business’s 50 day simple moving average is $7.06 and its 200 day simple moving average is $6.37. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.58. The firm has a market capitalization of $22.08 billion, a PE ratio of 9.00, a PEG ratio of 3.66 and a beta of 0.77.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Nomura had a net margin of 8.06% and a return on equity of 10.58%. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.04 billion. As a group, research analysts anticipate that Nomura will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Nomura

Several hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its position in Nomura by 1,019.0% during the second quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 5,859 shares during the last quarter. Corient Private Wealth LLC lifted its position in Nomura by 4.9% during the second quarter. Corient Private Wealth LLC now owns 58,028 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 2,696 shares during the last quarter. Vident Advisory LLC lifted its position in Nomura by 16.7% during the second quarter. Vident Advisory LLC now owns 293,595 shares of the financial services provider’s stock worth $1,932,000 after acquiring an additional 42,098 shares during the last quarter. Tidal Investments LLC acquired a new stake in Nomura during the second quarter worth approximately $414,000. Finally, Orion Porfolio Solutions LLC lifted its position in Nomura by 4,944.8% during the second quarter. Orion Porfolio Solutions LLC now owns 2,472,892 shares of the financial services provider’s stock worth $16,272,000 after acquiring an additional 2,423,873 shares during the last quarter. 15.14% of the stock is currently owned by institutional investors and hedge funds.

Nomura Company Profile

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.