Zacks Investment Research upgraded shares of Nomura (NYSE:NMR) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.
According to Zacks, “NOMURA HLDG-ADR is a leading financial services group in Japan and has worldwide operations, providing a wide range of value-added financial services and competitive products. These include brokerage, trading, underwriting, M&A financial advisory services, merchant banking, and development and management of investment trusts and investment advisory services to diversified clients such as individuals, corporations, financial institutions, governments and governmental agencies. “
Shares of NYSE:NMR opened at $3.92 on Wednesday. The company has a market cap of $13.39 billion, a PE ratio of 6.88 and a beta of 1.36. Nomura has a one year low of $3.57 and a one year high of $6.12. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.03 and a current ratio of 0.95.
Nomura (NYSE:NMR) last issued its earnings results on Thursday, January 31st. The financial services provider reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.34). The company had revenue of $4.06 billion for the quarter. Nomura had a negative return on equity of 2.73% and a negative net margin of 4.44%. Sell-side analysts anticipate that Nomura will post 0.1 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Nomura during the fourth quarter worth approximately $158,000. OLD Mission Capital LLC purchased a new position in shares of Nomura during the fourth quarter worth approximately $333,000. Miramar Capital LLC purchased a new position in shares of Nomura during the fourth quarter worth approximately $44,000. D. E. Shaw & Co. Inc. increased its position in shares of Nomura by 12.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,085,946 shares of the financial services provider’s stock worth $4,039,000 after acquiring an additional 119,471 shares during the period. Finally, Two Sigma Advisers LP purchased a new position in shares of Nomura during the fourth quarter worth approximately $59,000. 0.74% of the stock is currently owned by institutional investors and hedge funds.
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, Asset Management, and Wholesale. The Retail segment offers various financial products and investment services for individuals and corporations.
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