Ethic Inc. Acquires 63,506 Shares of Nomura Holdings Inc ADR $NMR

Ethic Inc. raised its holdings in shares of Nomura Holdings Inc ADR (NYSE:NMR) by 6.1% in the fourth quarter, HoldingsChannel reports. The firm owned 1,098,345 shares of the financial services provider’s stock after buying an additional 63,506 shares during the quarter. Ethic Inc.’s holdings in Nomura were worth $9,215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Diversify Wealth Management LLC bought a new position in Nomura during the 4th quarter valued at approximately $147,000. Keybank National Association OH raised its position in Nomura by 65.5% during the 4th quarter. Keybank National Association OH now owns 19,429 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 7,690 shares during the last quarter. M&T Bank Corp raised its position in Nomura by 7.8% during the 4th quarter. M&T Bank Corp now owns 38,328 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 2,773 shares during the last quarter. Anchyra Partners LLC bought a new position in Nomura during the 4th quarter valued at approximately $91,000. Finally, UBS Group AG raised its position in Nomura by 63.0% during the 4th quarter. UBS Group AG now owns 275,130 shares of the financial services provider’s stock valued at $2,308,000 after purchasing an additional 106,291 shares during the last quarter. Institutional investors own 15.14% of the company’s stock.

Nomura Stock Up 0.7%

NMR stock opened at $7.96 on Friday. Nomura Holdings Inc ADR has a fifty-two week low of $5.61 and a fifty-two week high of $9.58. The business’s 50 day moving average price is $8.08 and its two-hundred day moving average price is $8.17. The company has a debt-to-equity ratio of 7.38, a quick ratio of 1.13 and a current ratio of 1.08. The company has a market capitalization of $23.34 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.90 and a beta of 0.71.

Nomura (NYSE:NMR) last posted its earnings results on Friday, April 24th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). Nomura had a return on equity of 9.70% and a net margin of 7.64%.The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.43 billion. As a group, analysts forecast that Nomura Holdings Inc ADR will post 0.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NMR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nomura in a report on Friday, April 10th. JPMorgan Chase & Co. upgraded Nomura from a “neutral” rating to an “overweight” rating in a report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Nomura currently has a consensus rating of “Buy”.

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.