Nomura Holdings Inc ADR (NYSE:NMR – Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,742,567 shares, a growth of 59.6% from the September 15th total of 1,092,009 shares. Based on an average trading volume of 664,564 shares, the short-interest ratio is presently 2.6 days. Currently, 0.1% of the company’s stock are sold short.
Institutional Investors Weigh In On Nomura
A number of large investors have recently bought and sold shares of the company. Eastern Bank purchased a new position in Nomura during the 2nd quarter worth approximately $31,000. Mather Group LLC. boosted its holdings in shares of Nomura by 17,760.0% in the 3rd quarter. Mather Group LLC. now owns 4,465 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 4,440 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Nomura by 108.2% in the 1st quarter. V Square Quantitative Management LLC now owns 6,118 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 3,179 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Nomura by 84.5% in the 2nd quarter. Allworth Financial LP now owns 7,864 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 3,601 shares during the last quarter. Finally, SmartHarvest Portfolios LLC acquired a new stake in shares of Nomura in the first quarter worth $82,000. Hedge funds and other institutional investors own 15.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on NMR. Wall Street Zen raised Nomura from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Weiss Ratings raised Nomura from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Bank of America upgraded Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target for the company in a research note on Thursday, June 25th. Nomura upgraded Nomura to a “buy” rating and set a $10.20 price target on the stock in a research note on Thursday, June 25th. Finally, Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $10.20.
Check Out Our Latest Stock Analysis on NMR
Nomura Stock Performance
Shares of NYSE NMR traded down $0.04 during mid-day trading on Friday, hitting $9.23. The stock had a trading volume of 628,784 shares, compared to its average volume of 674,682. The firm has a market cap of $27.09 billion, a PE ratio of 10.74, a PEG ratio of 1.05 and a beta of 0.74. The company has a debt-to-equity ratio of 8.06, a quick ratio of 2.00 and a current ratio of 2.00. The company has a 50 day moving average of $9.98 and a two-hundred day moving average of $9.15. Nomura has a twelve month low of $6.88 and a twelve month high of $10.94.
Nomura (NYSE:NMR – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 EPS for the quarter. The company had revenue of $4.19 billion during the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%. Research analysts predict that Nomura will post 0.98 EPS for the current fiscal year.
About Nomura
Nomura Holdings, Inc is a Japan-based financial services group headquartered in Tokyo. Through its subsidiaries, including Nomura Securities Co, Ltd., the company provides investment, financing and advisory services to individuals, corporations, financial institutions and governments.
Nomura’s principal businesses include retail wealth management, investment management and wholesale services. Its wholesale operations offer investment banking, equity and fixed-income sales and trading, research, securities underwriting, mergers and acquisitions advice, and other capital-markets services.
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