Diversify Wealth Management LLC Trims Stock Position in Nomura Holdings, Inc. (NYSE:NMR)

Diversify Wealth Management LLC reduced its stake in shares of Nomura Holdings, Inc. (NYSE:NMR - Free Report) by 89.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,951 shares of the financial services provider's stock after selling 103,204 shares during the quarter. Diversify Wealth Management LLC's holdings in Nomura were worth $66,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NMR. Donald Smith & CO. Inc. purchased a new stake in Nomura in the 3rd quarter valued at about $33,783,000. Fisher Asset Management LLC grew its stake in Nomura by 20.2% in the third quarter. Fisher Asset Management LLC now owns 10,179,764 shares of the financial services provider's stock worth $53,138,000 after purchasing an additional 1,713,275 shares in the last quarter. Millennium Management LLC bought a new position in Nomura in the second quarter worth approximately $4,608,000. Maverick Capital Ltd. purchased a new position in Nomura during the 3rd quarter worth $1,219,000. Finally, Envestnet Asset Management Inc. raised its position in Nomura by 98.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 427,944 shares of the financial services provider's stock valued at $2,474,000 after purchasing an additional 212,599 shares in the last quarter. 15.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NMR has been the topic of several research reports. Bank of America started coverage on Nomura in a research note on Tuesday, October 22nd. They set a "neutral" rating on the stock. StockNews.com raised shares of Nomura from a "hold" rating to a "buy" rating in a research report on Wednesday, December 11th.

Nomura Stock Up 1.9 %

Nomura stock traded up $0.12 during mid-day trading on Friday, reaching $6.27. 437,380 shares of the company were exchanged, compared to its average volume of 550,243. The company has a debt-to-equity ratio of 7.19, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $18.61 billion, a P/E ratio of 10.62, a PEG ratio of 0.40 and a beta of 0.65. The business has a fifty day moving average of $5.92 and a 200 day moving average of $5.69. Nomura Holdings, Inc. has a 12-month low of $4.66 and a 12-month high of $6.62.

Nomura (NYSE:NMR - Get Free Report) last posted its earnings results on Friday, November 1st. The financial services provider reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. Nomura had a net margin of 6.91% and a return on equity of 7.93%. The company had revenue of $8.34 billion during the quarter. During the same period in the previous year, the company earned $0.08 EPS. Research analysts anticipate that Nomura Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

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.