Nomura (NYSE:NMR) Raised to “Buy” at StockNews.com

Nomura (NYSE:NMR) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other equities analysts have also issued reports on the stock. Bank of America initiated coverage on shares of Nomura in a report on Tuesday, October 22nd. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of Nomura in a research note on Thursday, August 29th. They set a “neutral” rating for the company.

Nomura Price Performance

NYSE NMR opened at $6.00 on Wednesday. The firm’s fifty day simple moving average is $5.67 and its two-hundred day simple moving average is $5.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.19. Nomura has a 12-month low of $4.23 and a 12-month high of $6.62. The firm has a market capitalization of $17.81 billion, a P/E ratio of 10.16, a P/E/G ratio of 0.45 and a beta of 0.64.

Institutional Investors Weigh In On Nomura

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in shares of Nomura by 5.9% during the third quarter. Franklin Resources Inc. now owns 37,169 shares of the financial services provider’s stock worth $201,000 after buying an additional 2,082 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Nomura during the third quarter valued at $25,000. Sanctuary Advisors LLC lifted its position in Nomura by 73.6% during the third quarter. Sanctuary Advisors LLC now owns 17,904 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 7,591 shares during the period. M&T Bank Corp lifted its position in Nomura by 12.1% during the third quarter. M&T Bank Corp now owns 34,134 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 3,675 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in Nomura by 61.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 30,327 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 11,573 shares during the period. 15.14% of the stock is currently owned by institutional investors and hedge funds.

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.