Nomura (NYSE:NMR) Hits New 52-Week High – What’s Next?

Nomura Holdings Inc ADR (NYSE:NMR) shares reached a new 52-week high on Wednesday . The company traded as high as $9.35 and last traded at $9.2450, with a volume of 1384412 shares changing hands. The stock had previously closed at $9.17.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nomura in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Nomura currently has a consensus rating of “Buy”.

Nomura Trading Up 1.4%

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.71. The firm has a market capitalization of $27.55 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 5.16 and a beta of 0.68. The firm’s 50-day moving average is $8.03 and its 200 day moving average is $7.37.

Nomura (NYSE:NMR) last announced its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Nomura had a net margin of 8.07% and a return on equity of 10.23%. On average, equities analysts predict that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NMR. NewSquare Capital LLC grew its position in shares of Nomura by 288.5% in the 2nd quarter. NewSquare Capital LLC now owns 4,402 shares of the financial services provider’s stock valued at $29,000 after buying an additional 3,269 shares during the last quarter. MAI Capital Management boosted its holdings in Nomura by 1,562.0% in the second quarter. MAI Capital Management now owns 6,000 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 5,639 shares during the last quarter. Osaic Holdings Inc. increased its position in Nomura by 1,019.0% during the 2nd quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 5,859 shares during the period. Global Retirement Partners LLC raised its holdings in Nomura by 196.5% during the 3rd quarter. Global Retirement Partners LLC now owns 6,588 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 4,366 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Nomura by 467.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 7,442 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 6,130 shares during the last quarter. 15.14% of the stock is owned by institutional investors and hedge funds.

Nomura Company Profile

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.