Assetmark Inc. Decreases Stake in Nomura Holdings, Inc. (NYSE:NMR)

Assetmark Inc. lessened its position in shares of Nomura Holdings, Inc. (NYSE:NMR) by 41.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,519 shares of the financial services provider’s stock after selling 6,844 shares during the quarter. Assetmark Inc.’s holdings in Nomura were worth $50,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NMR. Donald Smith & CO. Inc. purchased a new stake in Nomura during the third quarter valued at $33,783,000. Millennium Management LLC purchased a new stake in Nomura during the second quarter valued at $4,608,000. Leuthold Group LLC purchased a new stake in Nomura during the second quarter valued at $4,344,000. Envestnet Asset Management Inc. increased its position in Nomura by 98.7% during the second quarter. Envestnet Asset Management Inc. now owns 427,944 shares of the financial services provider’s stock valued at $2,474,000 after acquiring an additional 212,599 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Nomura during the second quarter valued at $1,140,000. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Nomura Stock Performance

NYSE:NMR opened at $6.01 on Tuesday. The stock has a 50-day simple moving average of $5.43 and a two-hundred day simple moving average of $5.68. Nomura Holdings, Inc. has a 52-week low of $4.03 and a 52-week high of $6.62. The company has a debt-to-equity ratio of 7.19, a quick ratio of 1.16 and a current ratio of 1.11. The firm has a market capitalization of $17.85 billion, a PE ratio of 9.93, a P/E/G ratio of 0.43 and a beta of 0.61.

Analyst Ratings Changes

NMR has been the subject of a number of research reports. JPMorgan Chase & Co. assumed coverage on Nomura in a research report on Thursday, August 29th. They set a “neutral” rating for the company. Bank of America assumed coverage on Nomura in a report on Tuesday, October 22nd. They set a “neutral” rating for the company. Finally, StockNews.com lowered Nomura from a “buy” rating to a “hold” rating in a report on Thursday, September 5th.

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.