Nomura (NYSE:NMR) Sets New 12-Month High – Time to Buy?

Nomura Holdings Inc ADR (NYSE:NMR) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $10.60 and last traded at $10.5630, with a volume of 88949 shares. The stock had previously closed at $10.25.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NMR shares. Bank of America raised Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target on the stock in a research report on Thursday, June 25th. Zacks Research raised shares of Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Nomura raised shares of Nomura to a “buy” rating and set a $10.20 target price on the stock in a report on Thursday, June 25th. Finally, Wall Street Zen upgraded shares of Nomura from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $10.20.

Nomura Price Performance

The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06. The business has a 50-day moving average price of $9.65 and a two-hundred day moving average price of $8.78. The firm has a market capitalization of $30.97 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 1.10 and a beta of 0.70.

Nomura (NYSE:NMR) last announced its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%.The business had revenue of $4.19 billion for the quarter. As a group, research analysts forecast that Nomura Holdings Inc ADR will post 0.93 EPS for the current year.

Institutional Investors Weigh In On Nomura

A number of hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC grew its position in shares of Nomura by 32.4% during the fourth quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider’s stock worth $110,341,000 after acquiring an additional 3,221,008 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in Nomura by 2.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 12,695,534 shares of the financial services provider’s stock valued at $106,516,000 after purchasing an additional 274,787 shares during the last quarter. Morgan Stanley boosted its stake in Nomura by 7.0% during the 4th quarter. Morgan Stanley now owns 9,815,360 shares of the financial services provider’s stock valued at $82,351,000 after purchasing an additional 638,424 shares during the period. Goldman Sachs Group Inc. boosted its stake in Nomura by 3.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,229,415 shares of the financial services provider’s stock valued at $43,875,000 after purchasing an additional 175,201 shares during the period. Finally, Quantinno Capital Management LP grew its position in Nomura by 18.4% in the 1st quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock worth $20,097,000 after purchasing an additional 395,656 shares during the last quarter. 15.14% of the stock is currently owned by institutional investors.

About Nomura

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.