Nomura Holdings Inc ADR (NYSE:NMR) posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01, Morningstar.com reports. Nomura Holdings Inc ADR had a return on equity of 8.69% and a net margin of 15.47%. The company had revenue of $4.21 billion for the quarter.
Shares of Nomura Holdings Inc ADR (NYSE:NMR) opened at 5.82 on Thursday. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of 9.34 and a beta of 1.56. Nomura Holdings Inc ADR has a one year low of $4.29 and a one year high of $6.80. The company has a 50-day moving average price of $5.91 and a 200 day moving average price of $6.20.
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Nomura Holdings Inc ADR announced that its Board of Directors has authorized a stock buyback plan on Thursday, April 27th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Several large investors have recently bought and sold shares of the stock. Sei Investments Co. raised its stake in Nomura Holdings Inc ADR by 3.1% in the first quarter. Sei Investments Co. now owns 20,874 shares of the financial services provider’s stock worth $131,000 after buying an additional 619 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Nomura Holdings Inc ADR by 9.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,031,570 shares of the financial services provider’s stock worth $6,468,000 after buying an additional 90,318 shares in the last quarter. Greenleaf Trust raised its stake in Nomura Holdings Inc ADR by 41.8% in the first quarter. Greenleaf Trust now owns 27,030 shares of the financial services provider’s stock worth $169,000 after buying an additional 7,974 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in Nomura Holdings Inc ADR by 6.8% in the second quarter. Wetherby Asset Management Inc. now owns 128,697 shares of the financial services provider’s stock worth $777,000 after buying an additional 8,171 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Nomura Holdings Inc ADR during the second quarter valued at about $131,000. 0.56% of the stock is currently owned by institutional investors.
NMR has been the subject of several research analyst reports. BidaskClub downgraded Nomura Holdings Inc ADR from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. TheStreet upgraded Nomura Holdings Inc ADR from a “d+” rating to a “c” rating in a report on Wednesday, May 24th. Finally, Zacks Investment Research cut Nomura Holdings Inc ADR from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.75.
About Nomura Holdings Inc ADR
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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