Nomura (NYSE:NMR) Downgraded to Sell at Zacks Investment Research
Nomura (NYSE:NMR – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, Zacks.com reports.
According to Zacks, “NOMURA HLDG-ADR is a leading financial services group in Japan and has worldwide operations, providing a wide range of value-added financial services and competitive products. These include brokerage, trading, underwriting, M&A financial advisory services, merchant banking, and development and management of investment trusts and investment advisory services to diversified clients such as individuals, corporations, financial institutions, governments and governmental agencies. “
Separately, StockNews.com started coverage on Nomura in a research note on Thursday, March 31st. They issued a “hold” rating for the company.
NYSE NMR opened at $3.95 on Tuesday. The stock has a 50-day simple moving average of $3.96 and a two-hundred day simple moving average of $4.29. The firm has a market capitalization of $12.08 billion, a P/E ratio of 9.63, a PEG ratio of 0.60 and a beta of 0.70. Nomura has a fifty-two week low of $3.57 and a fifty-two week high of $5.60. The company has a debt-to-equity ratio of 6.36, a quick ratio of 1.13 and a current ratio of 1.20.
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!
When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
Several institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC boosted its holdings in shares of Nomura by 19.3% during the 4th quarter. Parametric Portfolio Associates LLC now owns 8,347,747 shares of the financial services provider’s stock worth $36,146,000 after purchasing an additional 1,349,474 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Nomura by 25.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,020,344 shares of the financial services provider’s stock valued at $21,738,000 after acquiring an additional 1,030,722 shares during the last quarter. BlackRock Inc. lifted its holdings in Nomura by 9.9% in the fourth quarter. BlackRock Inc. now owns 4,435,440 shares of the financial services provider’s stock valued at $19,205,000 after acquiring an additional 400,496 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Nomura by 16.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,760,392 shares of the financial services provider’s stock valued at $7,429,000 after acquiring an additional 248,923 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Nomura by 47.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,325,813 shares of the financial services provider’s stock valued at $5,595,000 after acquiring an additional 423,905 shares during the last quarter. Institutional investors and hedge funds own 7.61% of the company’s stock.
About Nomura (Get Rating)
Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Asset Management, and Wholesale. The Retail segment offers various financial products and investment services.
Read More
Get a free copy of the Zacks research report on Nomura (NMR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Nomura right now?
Before you consider Nomura, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Nomura wasn’t on the list.
While Nomura currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
