Citigroup Downgrades Nomura (NMR) to Sell

Nomura (NYSE:NMR) was downgraded by investment analysts at Citigroup from a “neutral” rating to a “sell” rating in a report issued on Thursday, Briefing.com Automated Import reports.

A number of other research firms also recently weighed in on NMR. Zacks Investment Research downgraded Nomura from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. JPMorgan Chase & Co. assumed coverage on Nomura in a report on Thursday, February 28th. They issued an “underweight” rating for the company. Four investment analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The company presently has a consensus rating of “Sell”.

NYSE:NMR traded down $0.09 during trading hours on Thursday, reaching $3.27. 2,800 shares of the stock were exchanged, compared to its average volume of 366,892. Nomura has a twelve month low of $3.35 and a twelve month high of $5.54. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 6.02. The company has a market cap of $11.43 billion, a P/E ratio of -12.13 and a beta of 1.40.

Nomura (NYSE:NMR) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. Nomura had a negative return on equity of 3.56% and a negative net margin of 6.03%. The firm had revenue of $2.74 billion during the quarter. As a group, analysts anticipate that Nomura will post 0.37 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. acquired a new stake in shares of Nomura in the 1st quarter valued at approximately $32,000. Parallel Advisors LLC boosted its holdings in shares of Nomura by 102.3% in the 1st quarter. Parallel Advisors LLC now owns 9,996 shares of the financial services provider’s stock valued at $36,000 after buying an additional 5,056 shares during the last quarter. Miramar Capital LLC acquired a new stake in shares of Nomura in the 4th quarter valued at approximately $44,000. Virtu Financial LLC acquired a new stake in shares of Nomura in the 4th quarter valued at approximately $42,000. Finally, One Wealth Advisors LLC acquired a new stake in shares of Nomura in the 1st quarter valued at approximately $41,000. 0.79% of the stock is owned by institutional investors.

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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