US Bancorp DE Decreases Stock Holdings in Nomura Holdings Inc ADR $NMR

US Bancorp DE decreased its position in Nomura Holdings Inc ADR (NYSE:NMR) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,908 shares of the financial services provider’s stock after selling 6,087 shares during the quarter. US Bancorp DE’s holdings in Nomura were worth $1,079,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Formidable Asset Management LLC purchased a new position in shares of Nomura in the second quarter valued at about $414,000. Allspring Global Investments Holdings LLC increased its position in shares of Nomura by 7.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 54,942 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 3,990 shares during the period. Northern Trust Corp increased its position in shares of Nomura by 1.9% in the first quarter. Northern Trust Corp now owns 2,283,072 shares of the financial services provider’s stock valued at $14,041,000 after acquiring an additional 41,756 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Nomura by 21.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 462,647 shares of the financial services provider’s stock valued at $2,845,000 after buying an additional 80,540 shares during the period. Finally, GAMMA Investing LLC raised its stake in Nomura by 43.4% in the first quarter. GAMMA Investing LLC now owns 17,921 shares of the financial services provider’s stock worth $110,000 after buying an additional 5,421 shares in the last quarter. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NMR. Weiss Ratings restated a “hold (c)” rating on shares of Nomura in a report on Wednesday, October 8th. Zacks Research upgraded Nomura from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Nomura Price Performance

NMR stock opened at $7.03 on Friday. The firm has a 50 day moving average price of $7.27 and a 200-day moving average price of $6.48. Nomura Holdings Inc ADR has a 52-week low of $4.86 and a 52-week high of $7.59. The firm has a market capitalization of $20.77 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 3.41 and a beta of 0.74. 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 (NYSE:NMR) last released its earnings results on Tuesday, July 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Nomura had a net margin of 8.06% and a return on equity of 10.58%. Equities research analysts forecast that Nomura Holdings Inc ADR will post 0.76 EPS for the current fiscal year.

Nomura Company Profile

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.