Bank of America Initiates Coverage on Nomura (NYSE:NMR)

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

NMR has been the topic of several other research reports. JPMorgan Chase & Co. assumed coverage on Nomura in a report on Thursday, August 29th. They issued a “neutral” rating on the stock. StockNews.com downgraded Nomura from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th.

Nomura Stock Performance

Shares of NMR stock opened at $5.11 on Tuesday. Nomura has a 1-year low of $3.75 and a 1-year high of $6.62. The firm has a market cap of $15.17 billion, a PE ratio of 11.34 and a beta of 0.62. The company has a 50-day moving average of $5.48 and a two-hundred day moving average of $5.72. The company has a debt-to-equity ratio of 7.24, a current ratio of 1.11 and a quick ratio of 1.16.

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

Hedge Funds Weigh In On Nomura

Several institutional investors have recently modified their holdings of NMR. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Nomura in the second quarter valued at $34,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Nomura during the first quarter worth about $45,000. SYM FINANCIAL Corp acquired a new position in shares of Nomura during the second quarter worth about $59,000. Sage Mountain Advisors LLC acquired a new stake in Nomura in the second quarter valued at approximately $59,000. Finally, Sanctuary Advisors LLC purchased a new position in Nomura in the second quarter worth approximately $60,000. Institutional investors and hedge funds own 15.14% of the company’s stock.

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.