Nomura (NYSE:NMR) Raised to “Overweight” at JPMorgan Chase & Co.

Nomura (NYSE:NMR) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Thursday,Benzinga reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nomura in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Nomura Trading Down 1.5%

NYSE NMR opened at $7.55 on Thursday. Nomura has a one year low of $4.86 and a one year high of $9.58. The company has a debt-to-equity ratio of 7.54, a quick ratio of 1.13 and a current ratio of 1.12. The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.67. The company’s 50-day simple moving average is $8.74 and its two-hundred day simple moving average is $7.97.

Nomura (NYSE:NMR) last released its quarterly earnings data on Friday, January 30th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.25 billion. Nomura had a net margin of 7.81% and a return on equity of 9.88%. Equities analysts forecast that Nomura will post 0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Nomura

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in shares of Nomura by 32.4% in the 4th quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider’s stock valued at $110,341,000 after purchasing an additional 3,221,008 shares during the period. Donald Smith & CO. Inc. grew its position in Nomura by 2.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider’s stock valued at $106,516,000 after buying an additional 274,787 shares during the period. Morgan Stanley grew its position in Nomura by 7.0% during the fourth quarter. Morgan Stanley now owns 9,815,360 shares of the financial services provider’s stock valued at $82,351,000 after buying an additional 638,424 shares during the period. Goldman Sachs Group Inc. increased its holdings in Nomura by 3.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,229,415 shares of the financial services provider’s stock valued at $43,875,000 after buying an additional 175,201 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in shares of Nomura by 4,944.8% in the second quarter. Orion Porfolio Solutions LLC now owns 2,472,892 shares of the financial services provider’s stock worth $16,272,000 after acquiring an additional 2,423,873 shares during the period. Institutional investors and hedge funds own 15.14% of the company’s stock.

Nomura Company Profile

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.