Nomura (NMR) Upgraded to “Buy” by Goldman Sachs Group

Nomura (NYSE:NMR) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Friday.

A number of other equities research analysts have also recently weighed in on NMR. Zacks Investment Research cut Nomura from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. JPMorgan Chase & Co. upgraded Nomura from a “neutral” rating to an “overweight” rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Nomura has an average rating of “Hold” and a consensus price target of $6.25.

Nomura (NYSE:NMR) traded down $0.10 on Friday, hitting $6.58. The company had a trading volume of 154,900 shares, compared to its average volume of 213,450. The firm has a market cap of $22,917.16, a PE ratio of 10.97 and a beta of 1.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.60. Nomura has a 1-year low of $5.28 and a 1-year high of $6.80.

Nomura (NYSE:NMR) last released its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.13 earnings per share for the quarter. Nomura had a return on equity of 8.23% and a net margin of 14.58%.

A number of large investors have recently made changes to their positions in the business. Fisher Asset Management LLC grew its holdings in Nomura by 31.7% during the 3rd quarter. Fisher Asset Management LLC now owns 4,319,740 shares of the financial services provider’s stock valued at $24,061,000 after buying an additional 1,040,841 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Nomura by 2.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,729,998 shares of the financial services provider’s stock valued at $15,206,000 after buying an additional 76,685 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Nomura by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,151,420 shares of the financial services provider’s stock valued at $6,955,000 after buying an additional 6,200 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Nomura by 5.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,085,051 shares of the financial services provider’s stock valued at $6,554,000 after buying an additional 53,481 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Nomura by 154.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 633,247 shares of the financial services provider’s stock valued at $3,825,000 after buying an additional 383,915 shares during the last quarter. Hedge funds and other institutional investors own 0.64% of the company’s stock.

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Nomura Company Profile

Nomura Holdings, Inc (Nomura) is a financial services company. The Company, through its broker-dealer, banking and other financial services subsidiaries, provide investment, financing and related services to individual, institutional and government clients across the world. The Company’s segments include Retail, Asset Management and Wholesale.