Nomura (NYSE:NMR) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Nomura (NYSE:NMR) from a neutral rating to an overweight rating in a research report report published on Thursday morning,Benzinga reports.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Nomura in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy”.

Nomura Stock Up 1.0%

Shares of NYSE:NMR opened at $7.67 on Thursday. The stock has a 50-day simple moving average of $8.77 and a 200-day simple moving average of $7.97. The stock has a market capitalization of $22.49 billion, a P/E ratio of 9.70, a PEG ratio of 1.76 and a beta of 0.67. Nomura has a 1 year low of $4.86 and a 1 year high of $9.58. The company has a debt-to-equity ratio of 7.54, a quick ratio of 1.13 and a current ratio of 1.12.

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

Hedge Funds Weigh In On Nomura

A number of institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of Nomura during the fourth quarter valued at about $25,000. Allworth Financial LP increased its position in shares of Nomura by 90.7% during the fourth quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,447 shares during the last quarter. MAI Capital Management lifted its stake in shares of Nomura by 1,562.0% in 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 in the last quarter. Farther Finance Advisors LLC boosted its holdings in 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 purchasing an additional 2,515 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in 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 purchasing an additional 5,859 shares during the last quarter. Institutional investors and hedge funds own 15.14% of the company’s stock.

About Nomura

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.