AlphaCore Capital LLC Acquires 120,680 Shares of Nomura Holdings Inc ADR $NMR

AlphaCore Capital LLC increased its holdings in Nomura Holdings Inc ADR (NYSE:NMR) by 511.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,264 shares of the financial services provider’s stock after acquiring an additional 120,680 shares during the quarter. AlphaCore Capital LLC’s holdings in Nomura were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC raised its holdings in Nomura by 288.5% in the 2nd quarter. NewSquare Capital LLC now owns 4,402 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 3,269 shares in the last quarter. MAI Capital Management boosted its stake in shares of Nomura by 1,562.0% during the 2nd quarter. MAI Capital Management now owns 6,000 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 5,639 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Nomura by 1,019.0% during 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 during the period. Global Retirement Partners LLC raised its stake in Nomura by 196.5% in the third quarter. Global Retirement Partners LLC now owns 6,588 shares of the financial services provider’s stock worth $48,000 after buying an additional 4,366 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Nomura by 467.2% in the third quarter. Parkside Financial Bank & Trust now owns 7,442 shares of the financial services provider’s stock worth $54,000 after buying an additional 6,130 shares during the period. 15.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Nomura in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Nomura Trading Down 2.1%

Nomura stock opened at $9.01 on Friday. Nomura Holdings Inc ADR has a 12 month low of $4.86 and a 12 month high of $9.58. The company has a market capitalization of $26.42 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 2.16 and a beta of 0.68. The business’s fifty day simple moving average is $8.97 and its two-hundred day simple moving average is $7.92. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 7.54.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Friday, January 30th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.06). Nomura had a return on equity of 9.88% and a net margin of 7.81%.The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.25 billion. As a group, equities analysts predict that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current fiscal 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.