Drive Wealth Management LLC Raises Holdings in Nomura Holdings, Inc. (NYSE:NMR)

Drive Wealth Management LLC raised its position in Nomura Holdings, Inc. (NYSE:NMR) by 148.5% during the fourth quarter, HoldingsChannel reports. The firm owned 31,531 shares of the financial services provider’s stock after purchasing an additional 18,845 shares during the period. Drive Wealth Management LLC’s holdings in Nomura were worth $183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NMR. Ballentine Partners LLC lifted its stake in shares of Nomura by 26.7% in the fourth quarter. Ballentine Partners LLC now owns 70,862 shares of the financial services provider’s stock worth $410,000 after buying an additional 14,940 shares in the last quarter. Aaron Wealth Advisors LLC raised its holdings in Nomura by 6.6% in the 4th quarter. Aaron Wealth Advisors LLC now owns 80,459 shares of the financial services provider’s stock valued at $466,000 after acquiring an additional 4,966 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Nomura by 225.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,737 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 64,268 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Nomura by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 37,169 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 2,082 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Nomura in the third quarter valued at approximately $25,000. Institutional investors and hedge funds own 15.14% of the company’s stock.

Nomura Stock Performance

Nomura stock opened at $6.38 on Wednesday. The firm has a 50 day simple moving average of $5.94 and a 200-day simple moving average of $5.69. The stock has a market cap of $18.94 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.40 and a beta of 0.65. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.11 and a quick ratio of 1.11. Nomura Holdings, Inc. has a 1-year low of $4.66 and a 1-year high of $6.62.

Nomura (NYSE:NMR) last posted its earnings results on Friday, November 1st. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. Nomura had a return on equity of 7.93% and a net margin of 6.91%. The company had revenue of $8.34 billion during the quarter. During the same period last year, the business earned $0.08 EPS. On average, analysts expect that Nomura Holdings, Inc. will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com upgraded Nomura from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Bank of America initiated coverage on Nomura in a report on Tuesday, October 22nd. They set a “neutral” rating on the 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.