QRG Capital Management Inc. Trims Stock Holdings in Nomura Holdings Inc ADR $NMR

QRG Capital Management Inc. cut its holdings in shares of Nomura Holdings Inc ADR (NYSE:NMR) by 80.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,850 shares of the financial services provider’s stock after selling 175,506 shares during the period. QRG Capital Management Inc.’s holdings in Nomura were worth $319,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NMR. HB Wealth Management LLC raised its position in Nomura by 11.6% in the 3rd quarter. HB Wealth Management LLC now owns 17,873 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 1,863 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Nomura by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 34,913 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 1,983 shares during the period. Flputnam Investment Management Co. raised its holdings in shares of Nomura by 18.6% in the third quarter. Flputnam Investment Management Co. now owns 13,504 shares of the financial services provider’s stock valued at $98,000 after buying an additional 2,118 shares during the last quarter. Earned Wealth Advisors LLC increased its position in Nomura by 20.1% in the 3rd quarter. Earned Wealth Advisors LLC now owns 13,378 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 2,242 shares during the period. Finally, Blue Trust Inc. increased its position in Nomura by 14.7% in the 2nd quarter. Blue Trust Inc. now owns 17,632 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 2,255 shares during the period. 15.14% of the stock is owned by institutional investors and hedge funds.

Nomura Price Performance

Shares of NYSE:NMR opened at $8.97 on Friday. Nomura Holdings Inc ADR has a 52 week low of $4.86 and a 52 week high of $9.47. The company has a 50-day moving average price of $8.25 and a 200 day moving average price of $7.49. The company has a market cap of $26.30 billion, a P/E ratio of 10.80, a PEG ratio of 4.99 and a beta of 0.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.71.

Nomura (NYSE:NMR) last released its earnings results on Tuesday, October 28th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Nomura had a return on equity of 10.23% and a net margin of 8.07%. Research analysts predict that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on NMR shares. Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Nomura in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Nomura has an average 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.