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

Equities researchers at Bank of America assumed coverage on shares of Nomura (NYSE:NMR) in a research note issued on Tuesday, StockNewsAPI reports. The firm set a “neutral” rating on the financial services provider’s stock.

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

Nomura Stock Performance

Nomura stock opened at $5.22 on Tuesday. 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 company has a market capitalization of $15.51 billion, a PE ratio of 14.11 and a beta of 0.62. The firm has a fifty day simple moving average of $5.52 and a two-hundred day simple moving average of $5.75. Nomura has a twelve month low of $3.75 and a twelve month high of $6.62.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.14 earnings per share 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%.

Hedge Funds Weigh In On Nomura

Several hedge funds and other institutional investors have recently modified their holdings of NMR. Signaturefd LLC grew its holdings in shares of Nomura by 4.8% during the third quarter. Signaturefd LLC now owns 108,070 shares of the financial services provider’s stock valued at $564,000 after buying an additional 4,924 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Nomura by 18.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 47,349 shares of the financial services provider’s stock valued at $247,000 after buying an additional 7,408 shares during the last quarter. Werba Rubin Papier Wealth Management grew its holdings in shares of Nomura by 14.4% during the third quarter. Werba Rubin Papier Wealth Management now owns 23,568 shares of the financial services provider’s stock valued at $123,000 after buying an additional 2,973 shares during the last quarter. DMC Group LLC grew its holdings in shares of Nomura by 2.7% during the third quarter. DMC Group LLC now owns 91,562 shares of the financial services provider’s stock valued at $478,000 after buying an additional 2,379 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Nomura by 240.5% during the third quarter. Blue Trust Inc. now owns 77,339 shares of the financial services provider’s stock valued at $447,000 after buying an additional 54,628 shares during the last quarter. 15.14% of the stock is owned by institutional investors.

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.