Nomura Holdings Inc ADR (NYSE:NMR) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 522,450 shares, a decline of 42.3% from the June 15th total of 904,912 shares. Based on an average daily volume of 214,281 shares, the short-interest ratio is presently 2.4 days.
A number of equities research analysts have recently issued reports on NMR shares. Zacks Investment Research raised Nomura Holdings Inc ADR from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research report on Tuesday, April 11th. TheStreet raised Nomura Holdings Inc ADR from a “d+” rating to a “c” rating in a research report on Wednesday, May 24th. Finally, BidaskClub lowered Nomura Holdings Inc ADR from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.75.
A number of hedge funds have recently modified their holdings of NMR. Comerica Bank increased its stake in shares of Nomura Holdings Inc ADR by 12.7% in the fourth quarter. Comerica Bank now owns 217,288 shares of the financial services provider’s stock valued at $1,323,000 after buying an additional 24,428 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Nomura Holdings Inc ADR by 0.3% in the first quarter. Bank of Montreal Can now owns 82,667 shares of the financial services provider’s stock valued at $518,000 after buying an additional 271 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Nomura Holdings Inc ADR by 2.4% in the first quarter. Capstone Asset Management Co. now owns 335,272 shares of the financial services provider’s stock valued at $2,102,000 after buying an additional 7,800 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Nomura Holdings Inc ADR during the first quarter valued at approximately $19,445,000. Finally, Conning Inc. purchased a new stake in Nomura Holdings Inc ADR during the first quarter valued at about $265,000. 0.62% of the stock is currently owned by institutional investors and hedge funds.
Nomura Holdings Inc ADR (NYSE NMR) opened at 5.90 on Monday. The company’s 50-day moving average price is $6.00 and its 200 day moving average price is $6.22. Nomura Holdings Inc ADR has a 52-week low of $4.01 and a 52-week high of $6.80. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 9.61 and a beta of 1.56.
Nomura Holdings Inc ADR (NYSE:NMR) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The business had revenue of $4.21 billion for the quarter. Nomura Holdings Inc ADR had a return on equity of 8.69% and a net margin of 15.47%. Equities analysts predict that Nomura Holdings Inc ADR will post $0.47 earnings per share for the current fiscal year.
Nomura Holdings Inc ADR announced that its Board of Directors has approved a stock buyback program on Thursday, April 27th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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Nomura Holdings Inc ADR Company Profile
Nomura Holdings, Inc (Nomura) is a financial services company. The Company, through its broker-dealer, banking and other financial services subsidiaries, provide investment, financing and related services to individual, institutional and government clients across the world. The Company’s segments include Retail, Asset Management and Wholesale.
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