Nomura (NYSE:NMR) Stock Rating Lowered by StockNews.com

Nomura (NYSE:NMR) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, JPMorgan Chase & Co. began coverage on shares of Nomura in a research note on Thursday, August 29th. They issued a “neutral” rating on the stock.

Nomura Stock Performance

NYSE:NMR opened at $5.43 on Thursday. The firm has a market capitalization of $16.13 billion, a PE ratio of 14.68 and a beta of 0.59. The stock’s fifty day moving average is $5.77 and its 200 day moving average is $5.90. Nomura has a fifty-two week low of $3.75 and a fifty-two week high of $6.62. The company has a debt-to-equity ratio of 7.24, a quick ratio of 1.16 and a current ratio of 1.11.

Institutional Inflows and Outflows

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

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, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.