Nomura (NYSE:NMR) Research Coverage Started at Bank of America

Bank of America initiated coverage on shares of Nomura (NYSE:NMR) in a research report report published on Tuesday, StockNewsAPI reports. The firm issued a neutral rating on the financial services provider’s stock.

Several other research firms also recently commented on NMR. JPMorgan Chase & Co. started coverage on shares of Nomura in a report on Thursday, August 29th. They issued a “neutral” rating on the stock. StockNews.com downgraded shares of Nomura from a “buy” rating to a “hold” rating in a report on Thursday, September 5th.

Nomura Price Performance

NYSE:NMR opened at $5.11 on Tuesday. The business’s 50-day simple moving average is $5.49 and its two-hundred day simple moving average is $5.73. Nomura has a 52 week low of $3.75 and a 52 week high of $6.62. The stock has a market cap of $15.18 billion, a PE ratio of 11.36 and a beta of 0.62. The company has a quick ratio of 1.16, a current ratio of 1.11 and a debt-to-equity ratio of 7.24.

Nomura (NYSE:NMR) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter. Nomura had a return on equity of 6.09% and a net margin of 5.61%. The company had revenue of $7.81 billion for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in Nomura by 21.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,933,656 shares of the financial services provider’s stock valued at $17,741,000 after purchasing an additional 689,849 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Nomura during the 2nd quarter valued at about $4,608,000. Leuthold Group LLC bought a new position in shares of Nomura in the 2nd quarter valued at about $4,344,000. Envestnet Asset Management Inc. grew its position in Nomura by 98.7% in the second quarter. Envestnet Asset Management Inc. now owns 427,944 shares of the financial services provider’s stock worth $2,474,000 after acquiring an additional 212,599 shares in the last quarter. Finally, Creative Planning grew its position in Nomura by 7.3% in the second quarter. Creative Planning now owns 418,202 shares of the financial services provider’s stock worth $2,417,000 after acquiring an additional 28,585 shares in the last quarter. 15.14% of the stock is currently owned by institutional investors.

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.