AlphaCore Capital LLC Takes Position in Nomura Holdings Inc ADR $NMR

AlphaCore Capital LLC acquired a new position in Nomura Holdings Inc ADR (NYSE:NMR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,584 shares of the financial services provider’s stock, valued at approximately $155,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC increased its position in Nomura by 288.5% during the 2nd quarter. NewSquare Capital LLC now owns 4,402 shares of the financial services provider’s stock valued at $29,000 after buying an additional 3,269 shares in the last quarter. MAI Capital Management grew its stake in shares of Nomura by 1,562.0% during the second quarter. MAI Capital Management now owns 6,000 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 5,639 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Nomura by 828.7% during the second quarter. Hantz Financial Services Inc. now owns 8,906 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 7,947 shares in the last quarter. AlTi Global Inc. acquired a new position in shares of Nomura during the second quarter valued at about $69,000. Finally, Vise Technologies Inc. purchased a new position in shares of Nomura in the 2nd quarter valued at approximately $70,000. 15.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Nomura in a research report on Friday, October 31st. Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Nomura Price Performance

Shares of NYSE NMR opened at $7.33 on Wednesday. Nomura Holdings Inc ADR has a 52 week low of $4.86 and a 52 week high of $7.59. The business’s 50 day moving average price is $7.17 and its 200 day moving average price is $6.81. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.71. The firm has a market cap of $21.65 billion, a P/E ratio of 8.83, a P/E/G ratio of 3.41 and a beta of 0.73.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Nomura had a net margin of 8.07% and a return on equity of 10.23%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.02 billion. On average, sell-side analysts expect that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current year.

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.