Nomura (NYSE:NMR) Sets New 52-Week High – Still a Buy?

Nomura Holdings Inc ADR (NYSE:NMR)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $8.50 and last traded at $8.4550, with a volume of 100467 shares changing hands. The stock had previously closed at $8.39.

Wall Street Analysts Forecast Growth

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

Nomura Stock Performance

The stock has a market cap of $24.75 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 4.68 and a beta of 0.68. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $7.65 and its 200-day moving average is $7.18.

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

Institutional Inflows and Outflows

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

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.