The one-year price target for Daiwa Securities Group Inc - ADR (OTC:DSEEY) has been revised to $5.00 per share, marking a 6.95% increase from the previous target of $4.68 set on August 31, 2023, according to data from investing research platform Fintel. The new targets for the company range from a low of $3.93 to a high of $5.78 per share.
Despite the upward revision in the price target, the average indicates a potential decrease of 10.98% from the last closing price of $5.62 per share. This suggests that while there is an increased confidence in the company's performance, market conditions may still pose challenges.
Institutional sentiment towards Daiwa Securities Group has seen a notable shift. Two institutions, Yousif Capital Management and Great Lakes Advisors, have maintained their positions in DSEEY. However, there has been an overall decrease in institutional ownership over the past quarter.
Specifically, total shares owned by institutions have diminished during this period, indicating a potential shift in market sentiment or strategy among these major players.
Despite this trend, some institutions like Great Lakes Advisors have increased their portfolio allocation towards DSEEY, demonstrating varying strategies and outlooks among institutional investors.
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