Nomura Holdings, Inc. (NYSE:NMR) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Nomura Holdings, Inc. (NYSE:NMR) by 98.7% in the second quarter, Holdings Channel.com reports. The fund owned 427,944 shares of the financial services provider’s stock after purchasing an additional 212,599 shares during the period. Envestnet Asset Management Inc.’s holdings in Nomura were worth $2,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SYM FINANCIAL Corp acquired a new position in Nomura during the second quarter worth $59,000. Choreo LLC purchased a new position in Nomura during the 2nd quarter valued at about $245,000. Ashton Thomas Private Wealth LLC purchased a new position in Nomura during the 2nd quarter valued at about $34,000. Acadian Asset Management LLC acquired a new position in Nomura in the 2nd quarter valued at about $1,140,000. Finally, Gallacher Capital Management LLC increased its stake in Nomura by 20.3% during the second quarter. Gallacher Capital Management LLC now owns 67,829 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 11,458 shares during the period. 15.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on NMR shares. JPMorgan Chase & Co. initiated coverage on shares of Nomura in a research note on Thursday, August 29th. They issued a “neutral” rating for the company. StockNews.com lowered Nomura from a “buy” rating to a “hold” rating in a report on Thursday, September 5th.

Nomura Price Performance

NMR stock opened at $5.48 on Friday. The business has a 50 day moving average price of $5.52 and a 200 day moving average price of $5.83. The company has a quick ratio of 1.16, a current ratio of 1.11 and a debt-to-equity ratio of 7.24. The stock has a market cap of $16.28 billion, a price-to-earnings ratio of 14.81 and a beta of 0.62. Nomura Holdings, Inc. has a fifty-two week low of $3.75 and a fifty-two week high of $6.62.

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

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.