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The latest update is out from Nomura Holdings ( (JP:8604) ).
Nomura has completed the acquisition of Macquarie’s U.S. and European public asset management business for $1.8 billion, adding approximately $166 billion in client assets to its portfolio. This acquisition marks a significant step towards Nomura’s 2030 Management Vision by enhancing its asset management capabilities and diversifying its platform. The newly formed Nomura Asset Management International will be led by Shawn Lytle and Robert Stark, aiming to build a global platform with strong investment capabilities. Additionally, Nomura and Macquarie have established a strategic partnership for product distribution and co-development of investment strategies, further strengthening their collaboration and expanding their reach in the U.S. and Japan.
The most recent analyst rating on (JP:8604) stock is a Buy with a Yen1324.00 price target. To see the full list of analyst forecasts on Nomura Holdings stock, see the JP:8604 Stock Forecast page.
More about Nomura Holdings
Nomura is a financial services group with an integrated global network, serving the needs of individuals, institutions, corporates, and governments through its four business divisions: Wealth Management, Investment Management, Wholesale, and Banking. Founded in 1925, the firm is known for its disciplined entrepreneurship and creative solutions.
YTD Price Performance: 33.71%
Average Trading Volume: 10,385,656
Technical Sentiment Signal: Buy
Current Market Cap: Yen3476.6B
Learn more about 8604 stock on TipRanks’ Stock Analysis page.