Summit Global Investments Takes Position in Nomura Holdings, Inc. (NYSE:NMR)

Summit Global Investments bought a new stake in Nomura Holdings, Inc. (NYSE:NMR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 246,609 shares of the financial services provider’s stock, valued at approximately $1,428,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Nomura in the third quarter worth about $25,000. R Squared Ltd acquired a new stake in Nomura in the fourth quarter worth about $26,000. Adero Partners LLC acquired a new stake in Nomura in the fourth quarter worth about $59,000. Savant Capital LLC acquired a new stake in Nomura in the fourth quarter worth about $59,000. Finally, Canopy Partners LLC acquired a new stake in Nomura in the third quarter worth about $82,000. 15.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Nomura from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th.

Nomura Price Performance

Shares of NMR stock opened at $6.58 on Friday. The stock has a 50-day moving average price of $6.43 and a 200 day moving average price of $5.92. The company has a quick ratio of 1.11, a current ratio of 1.17 and a debt-to-equity ratio of 7.52. The firm has a market cap of $19.53 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.30 and a beta of 0.60. Nomura Holdings, Inc. has a 12 month low of $4.66 and a 12 month high of $6.99.

Nomura (NYSE:NMR) last posted its earnings results on Wednesday, February 5th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. Nomura had a return on equity of 9.19% and a net margin of 7.96%. Research analysts expect that Nomura Holdings, Inc. will post 0.76 EPS for the current year.

Nomura 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.