Assetmark Inc. Has $1.45 Million Stock Holdings in Nomura Holdings Inc ADR $NMR

Assetmark Inc. grew its position in shares of Nomura Holdings Inc ADR (NYSE:NMR) by 51.7% in the first quarter, HoldingsChannel reports. The fund owned 183,873 shares of the financial services provider’s stock after acquiring an additional 62,664 shares during the period. Assetmark Inc.’s holdings in Nomura were worth $1,451,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NMR. V Square Quantitative Management LLC acquired a new stake in shares of Nomura in the fourth quarter valued at about $25,000. Allworth Financial LP grew its stake in Nomura by 90.7% in the fourth quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,447 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Nomura by 101.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 2,515 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Nomura by 1,019.0% during the 2nd quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 5,859 shares during the last quarter. Finally, Sei Investments Co. bought a new stake in shares of Nomura during the 2nd quarter worth approximately $67,000. Institutional investors and hedge funds own 15.14% of the company’s stock.

Nomura Stock Up 0.5%

Nomura stock opened at $9.81 on Friday. The stock has a market cap of $28.80 billion, a P/E ratio of 12.27, a P/E/G ratio of 2.81 and a beta of 0.69. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 7.38. Nomura Holdings Inc ADR has a twelve month low of $6.59 and a twelve month high of $10.06. The company’s 50-day moving average price is $8.88 and its two-hundred day moving average price is $8.62.

Nomura (NYSE:NMR) last posted its earnings results on Friday, April 24th. The financial services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.05). The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.43 billion. Nomura had a net margin of 7.64% and a return on equity of 9.70%. As a group, analysts expect that Nomura Holdings Inc ADR will post 0.8 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Nomura raised Nomura to a “buy” rating and set a $10.20 price objective for the company in a report on Thursday, June 25th. Weiss Ratings upgraded shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Finally, Bank of America raised shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target on the stock in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $10.20.

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.