Nomura (NYSE:NMR) Now Covered by Bank of America

Bank of America started coverage on shares of Nomura (NYSE:NMR) in a research report released on Tuesday, StockNewsAPI reports. The brokerage issued a neutral rating on the financial services provider’s stock.

Several other brokerages also recently commented on NMR. StockNews.com downgraded Nomura from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. started coverage on shares of Nomura in a research note on Thursday, August 29th. They set a “neutral” rating for the company.

Nomura Price Performance

Nomura stock opened at $5.11 on Tuesday. Nomura has a 12-month low of $3.75 and a 12-month high of $6.62. The company has a current ratio of 1.11, a quick ratio of 1.16 and a debt-to-equity ratio of 7.24. The firm has a 50-day moving average price of $5.49 and a 200-day moving average price of $5.73. The firm has a market capitalization of $15.18 billion, a PE ratio of 11.36 and a beta of 0.62.

Nomura (NYSE:NMR) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $7.81 billion during the quarter. Nomura had a net margin of 5.61% and a return on equity of 6.09%.

Institutional Trading of Nomura

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in 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 purchasing an additional 689,849 shares during the period. Millennium Management LLC bought a new position in shares of Nomura during the 2nd quarter worth $4,608,000. Leuthold Group LLC purchased a new position in shares of Nomura during the second quarter valued at $4,344,000. Envestnet Asset Management Inc. increased its stake in shares of 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 buying an additional 212,599 shares during the period. Finally, Creative Planning raised its holdings in shares of 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.

About Nomura

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.