Assetmark Inc. Buys 62,664 Shares of Nomura Holdings Inc ADR $NMR

Assetmark Inc. lifted its stake in shares of Nomura Holdings Inc ADR (NYSE:NMR) by 51.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 183,873 shares of the financial services provider’s stock after purchasing an additional 62,664 shares during the period. Assetmark Inc.’s holdings in Nomura were worth $1,451,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NMR. Allspring Global Investments Holdings LLC boosted its position in Nomura by 12.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 62,407 shares of the financial services provider’s stock valued at $499,000 after buying an additional 6,785 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Nomura by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 252,736 shares of the financial services provider’s stock worth $1,994,000 after acquiring an additional 3,601 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Nomura during the first quarter worth $146,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Nomura by 49.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,685 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 5,812 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its stake in shares of Nomura by 15.1% during the first quarter. Diversify Wealth Management LLC now owns 18,356 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 2,413 shares during the period. 15.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NMR has been the topic of several recent research reports. Nomura upgraded Nomura to a “buy” rating and set a $10.20 price target on the stock in a report on Thursday, June 25th. Bank of America raised Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price objective for the company in a report on Thursday, June 25th. Finally, Weiss Ratings upgraded shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $10.20.

Nomura Trading Up 0.5%

Shares of NYSE NMR opened at $9.81 on Friday. Nomura Holdings Inc ADR has a twelve month low of $6.59 and a twelve month high of $10.06. The stock has a market cap of $28.80 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 2.81 and a beta of 0.69. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 7.38. The company’s fifty day moving average is $8.88 and its 200-day moving average is $8.62.

Nomura (NYSE:NMR) last issued its quarterly earnings data on Friday, April 24th. The financial services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.05). Nomura had a return on equity of 9.70% and a net margin of 7.64%.The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.43 billion. Equities research analysts predict that Nomura Holdings Inc ADR will post 0.8 EPS for the current year.

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.