Franklin Resources Inc. Raises Position in Nomura Holdings, Inc. (NYSE:NMR)

Franklin Resources Inc. grew its position in shares of Nomura Holdings, Inc. (NYSE:NMR) by 5.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 37,169 shares of the financial services provider’s stock after purchasing an additional 2,082 shares during the period. Franklin Resources Inc.’s holdings in Nomura were worth $201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its holdings in Nomura by 9.2% in the 3rd quarter. FMR LLC now owns 1,362,014 shares of the financial services provider’s stock worth $7,110,000 after buying an additional 114,676 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Nomura in the second quarter worth approximately $1,140,000. Envestnet Asset Management Inc. raised its holdings in shares of Nomura by 98.7% during the second 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 during the last quarter. Millennium Management LLC bought a new position in Nomura during the second quarter valued at approximately $4,608,000. Finally, Verition Fund Management LLC purchased a new stake in Nomura in the third quarter worth approximately $97,000. Institutional investors own 15.14% of the company’s stock.

Nomura Stock Performance

NMR opened at $5.81 on Friday. Nomura Holdings, Inc. has a 12-month low of $4.43 and a 12-month high of $6.62. The company has a market cap of $17.26 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 0.39 and a beta of 0.64. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.19. The company’s 50 day moving average is $5.82 and its 200 day moving average is $5.69.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Bank of America began coverage on shares of Nomura in a research note on Tuesday, October 22nd. They set a “neutral” rating for the company. StockNews.com raised Nomura from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th.

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.