Nomura (NYSE:NMR) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Nomura (NYSE:NMR) from a neutral rating to an overweight rating in a research report report published on Thursday morning,Benzinga reports.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Nomura in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

Nomura Stock Performance

NMR opened at $7.55 on Thursday. The company has a debt-to-equity ratio of 7.54, a quick ratio of 1.13 and a current ratio of 1.12. The company has a market cap of $22.13 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The stock has a 50-day moving average of $8.74 and a 200-day moving average of $7.98. Nomura has a 52-week low of $4.86 and a 52-week high of $9.58.

Nomura (NYSE:NMR) last issued its quarterly earnings data on Friday, January 30th. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). Nomura had a net margin of 7.81% and a return on equity of 9.88%. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.25 billion. As a group, equities research analysts forecast that Nomura will post 0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nomura

Several large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in Nomura during the 4th quarter valued at approximately $25,000. Allworth Financial LP increased its position in Nomura by 90.7% in the 4th quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,447 shares during the period. Farther Finance Advisors LLC increased its position in Nomura by 101.2% in the 4th quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider’s stock worth $42,000 after buying an additional 2,515 shares during the period. MAI Capital Management lifted its holdings in shares of Nomura by 1,562.0% during the second quarter. MAI Capital Management now owns 6,000 shares of the financial services provider’s stock worth $39,000 after buying an additional 5,639 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Nomura by 1,019.0% in the second quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 5,859 shares during the period. Institutional investors and hedge funds own 15.14% of the company’s stock.

Nomura Company Profile

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.