Nomura (NYSE:NMR) Shares Down 6.1% Following Weak Earnings

Nomura Holdings Inc ADR (NYSE:NMR) shares dropped 6.1% on Friday following a weaker than expected earnings announcement. The company traded as low as $7.78 and last traded at $7.7650. Approximately 374,557 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,867,325 shares. The stock had previously closed at $8.27.

The financial services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.43 billion. Nomura had a return on equity of 9.88% and a net margin of 7.81%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nomura in a research note on Friday, April 10th. JPMorgan Chase & Co. upgraded Nomura from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Nomura currently has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Nomura in the fourth quarter valued at approximately $25,000. Allworth Financial LP increased its position in shares of Nomura by 90.7% in the fourth quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,447 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Nomura by 101.2% in the fourth quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider’s stock valued at $42,000 after buying an additional 2,515 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Nomura by 1,019.0% in the second quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock valued at $42,000 after buying an additional 5,859 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Nomura by 196.5% in the third quarter. Global Retirement Partners LLC now owns 6,588 shares of the financial services provider’s stock valued at $48,000 after buying an additional 4,366 shares in the last quarter. 15.14% of the stock is owned by institutional investors and hedge funds.

Nomura Price Performance

The firm has a market capitalization of $23.09 billion, a PE ratio of 9.96, a PEG ratio of 2.12 and a beta of 0.75. The stock has a 50-day moving average price of $8.27 and a 200 day moving average price of $8.12. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 7.54.

Nomura Company 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.