Nomura (NYSE:NMR) Receives New Coverage from Analysts at Bank of America

Bank of America began coverage on shares of Nomura (NYSE:NMR) in a research report sent to investors on Tuesday morning, StockNewsAPI reports. The firm issued a neutral rating on the financial services provider’s stock.

Several other analysts also recently weighed in on NMR. JPMorgan Chase & Co. started coverage on Nomura in a research note on Thursday, August 29th. They issued a “neutral” rating on the stock. StockNews.com cut Nomura from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th.

Nomura Stock Down 0.5 %

NMR stock opened at $5.20 on Tuesday. Nomura has a fifty-two week low of $3.75 and a fifty-two week high of $6.62. The business’s 50 day moving average price is $5.51 and its two-hundred day moving average price is $5.74. The company has a debt-to-equity ratio of 7.24, a quick ratio of 1.16 and a current ratio of 1.11. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 14.04 and a beta of 0.62.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.14 earnings per share for the quarter. The company had revenue of $7.81 billion for the quarter. Nomura had a return on equity of 6.09% and a net margin of 5.61%.

Hedge Funds Weigh In On Nomura

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NMR. Ashton Thomas Private Wealth LLC bought a new position in Nomura in the 2nd quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC bought a new position in shares of Nomura during the 1st quarter valued at $45,000. Sage Mountain Advisors LLC bought a new position in shares of Nomura during the 2nd quarter valued at $59,000. SYM FINANCIAL Corp bought a new position in shares of Nomura during the 2nd quarter valued at $59,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Nomura during the 2nd quarter valued at $60,000. 15.14% of the stock is owned by institutional investors.

About Nomura

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.