JPMorgan Chase & Co. Begins Coverage on Nomura (NYSE:NMR)

JPMorgan Chase & Co. assumed coverage on shares of Nomura (NYSE:NMR) in a research report report published on Thursday morning, MarketBeat reports. The brokerage issued a neutral rating on the financial services provider’s stock.

Separately, StockNews.com cut shares of Nomura from a buy rating to a hold rating in a report on Monday, August 26th.

Nomura Trading Up 1.4 %

Shares of NYSE NMR opened at $5.85 on Thursday. Nomura has a 1-year low of $3.75 and a 1-year high of $6.62. The business has a fifty day moving average price of $5.77 and a 200 day moving average price of $5.90. The stock has a market capitalization of $17.38 billion, a P/E ratio of 15.81 and a beta of 0.59. The company has a debt-to-equity ratio of 7.24, a current ratio of 1.11 and a quick ratio of 1.16.

Institutional Trading of Nomura

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in Nomura by 36.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,482 shares of the financial services provider’s stock valued at $34,000 after buying an additional 2,018 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Nomura during the 4th quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new position in Nomura during the 2nd quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Nomura in the first quarter worth $45,000. Finally, Ieq Capital LLC acquired a new stake in shares of Nomura during the fourth quarter worth $57,000. Institutional investors and hedge funds 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.