Nomura (NYSE:NMR) Now Covered by JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of Nomura (NYSE:NMR) in a research report issued on Thursday, Marketbeat.com reports. The firm set a “neutral” rating on the financial services provider’s stock.

Separately, StockNews.com cut shares of Nomura from a “buy” rating to a “hold” rating in a report on Monday, August 26th.

Nomura Price Performance

NMR opened at $5.85 on Thursday. The company has a market capitalization of $17.36 billion, a price-to-earnings ratio of 15.80 and a beta of 0.59. The company has a quick ratio of 1.16, a current ratio of 1.11 and a debt-to-equity ratio of 7.24. The firm has a 50-day moving average price of $5.77 and a 200-day moving average price of $5.89. Nomura has a twelve month low of $3.75 and a twelve month high of $6.62.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Nomura in the second quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC purchased a new stake in Nomura in the 1st quarter worth approximately $45,000. EverSource Wealth Advisors LLC boosted its holdings in Nomura by 36.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,482 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 2,018 shares during the period. GAMMA Investing LLC purchased a new position in shares of Nomura during the 4th quarter valued at $34,000. Finally, SYM FINANCIAL Corp bought a new position in shares of Nomura in the second quarter worth $59,000. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Nomura Company Profile

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.