Summit Global Investments Acquires Stake in Nomura Holdings, Inc.

In the fourth quarter, Summit Global Investments acquired a new stake in Nomura Holdings, Inc. (NYSE:NMR - Free Report), as reported in its recent Form 13F filing with the Securities and Exchange Commission. The institutional investor obtained 246,609 shares of the financial services provider, with an approximate value of $1,428,000.

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Other hedge funds have also recently adjusted their holdings in Nomura. Wilmington Savings Fund Society FSB purchased a new stake in shares of Nomura during the third quarter, valued at about $25,000. Meanwhile, R Squared Ltd acquired a fresh position in Nomura worth $26,000 in the fourth quarter. Adero Partners LLC as well as Savant Capital LLC both entered new positions in Nomura, each valued at $59,000 in the same quarter. Additionally, Canopy Partners LLC bought shares in the third quarter for about $82,000. Overall, 15.14% of Nomura's stock is currently held by institutional investors.

Analyst Ratings Changes

On a separate note, StockNews.com upgraded its rating for Nomura from a "hold" to a "buy" in a research report released on December 11th.

Current Stock Performance

As of Friday, Nomura's stock (NMR) opened at $6.58. It boasts a market capitalization of $19.53 billion, a P/E ratio of 9.39, and a price-to-earnings-growth ratio of 0.30, with a beta of 0.60. The company has traded within a 12-month range of $4.66 to $6.99. The fifty-day moving average currently stands at $6.43, while the 200-day moving average is at $5.92. Furthermore, Nomura has a debt-to-equity ratio of 7.52, a current ratio of 1.17, and a quick ratio of 1.11.

Nomura Holdings, Inc. recently reported its quarterly earnings on February 5th. The financial services firm announced earnings per share (EPS) of $0.22 for the quarter, exceeding analysts' expectations of $0.14 by $0.08. Nomura achieved a return on equity of 9.19% and a net margin of 7.96%. Looking ahead, analysts anticipate that Nomura will report an EPS of 0.76 for the current fiscal year.

Overview of Nomura Holdings

Nomura Holdings, Inc. offers diverse financial services globally to individuals, corporations, financial institutions, governments, and governmental agencies. The company operates through three key segments: Retail, Investment Management, and Wholesale. The Retail segment delivers a variety of financial products along with investment consultation services.

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Investment Considerations for Nomura

Before making a decision to invest in Nomura, it's advisable to gather more information. Various top-rated analysts have been tracking several stocks they believe present better investment opportunities than Nomura at this time. While Nomura is currently rated as a Hold by analysts, the focus is advised on other potential stocks that may present more attractive options.

investment, finance, stocks