Assetmark Inc. Sells 6,844 Shares of Nomura Holdings, Inc. (NYSE:NMR)

Assetmark Inc. cut its position in shares of Nomura Holdings, Inc. (NYSE:NMR) by 41.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,519 shares of the financial services provider’s stock after selling 6,844 shares during the quarter. Assetmark Inc.’s holdings in Nomura were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. US Bancorp DE boosted its position in shares of Nomura by 36.1% during the third quarter. US Bancorp DE now owns 205,751 shares of the financial services provider’s stock valued at $1,074,000 after purchasing an additional 54,530 shares in the last quarter. Diversify Wealth Management LLC raised its stake in Nomura by 9.7% during the third quarter. Diversify Wealth Management LLC now owns 115,155 shares of the financial services provider’s stock valued at $583,000 after buying an additional 10,179 shares during the last quarter. Donald Smith & CO. Inc. purchased a new position in Nomura during the third quarter valued at $33,783,000. Greenleaf Trust raised its stake in Nomura by 26.5% during the third quarter. Greenleaf Trust now owns 16,743 shares of the financial services provider’s stock valued at $87,000 after buying an additional 3,503 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in Nomura by 34.5% during the third quarter. Private Advisor Group LLC now owns 30,434 shares of the financial services provider’s stock valued at $159,000 after buying an additional 7,806 shares during the last quarter. 15.14% of the stock is currently owned by institutional investors.

Nomura Stock Up 2.6 %

NMR stock opened at $6.01 on Tuesday. Nomura Holdings, Inc. has a 1-year low of $4.03 and a 1-year high of $6.62. The business has a fifty day moving average price of $5.43 and a 200-day moving average price of $5.68. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.11 and a quick ratio of 1.16. The stock has a market capitalization of $17.85 billion, a P/E ratio of 9.93, a P/E/G ratio of 0.43 and a beta of 0.61.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NMR. Bank of America began coverage on Nomura in a research note on Tuesday, October 22nd. They set a “neutral” rating for the company. StockNews.com cut Nomura from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. began coverage on Nomura in a research note on Thursday, August 29th. They set a “neutral” rating for the company.

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.