AlTi Global Inc. Takes Position in Nomura Holdings Inc ADR $NMR

AlTi Global Inc. acquired a new stake in shares of Nomura Holdings Inc ADR (NYSE:NMR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,610 shares of the financial services provider’s stock, valued at approximately $69,000.

A number of other hedge funds have also recently modified their holdings of NMR. Abel Hall LLC bought a new stake in shares of Nomura during the 1st quarter valued at $62,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Nomura during the 1st quarter valued at $71,000. Checchi Capital Advisers LLC bought a new stake in shares of Nomura during the 2nd quarter valued at $71,000. Clarius Group LLC bought a new stake in shares of Nomura during the 2nd quarter valued at $77,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of Nomura during the 2nd quarter valued at $78,000. Institutional investors own 15.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Nomura in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Nomura currently has a consensus rating of “Buy”.

Nomura Stock Down 0.6%

NMR opened at $6.92 on Friday. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.13. Nomura Holdings Inc ADR has a fifty-two week low of $4.86 and a fifty-two week high of $7.59. The firm’s fifty day moving average is $7.25 and its 200 day moving average is $6.55. The stock has a market cap of $20.44 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 3.35 and a beta of 0.74.

Nomura (NYSE:NMR) last released its earnings results on Tuesday, July 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Nomura had a net margin of 8.06% and a return on equity of 10.58%. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.04 billion. On average, sell-side analysts forecast that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current fiscal year.

About Nomura

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.