Nomura (NYSE:NMR) Shares Pass Above Fifty Day Moving Average – What’s Next?

Nomura Holdings Inc ADR (NYSE:NMR)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.46 and traded as high as $9.74. Nomura shares last traded at $9.72, with a volume of 536,711 shares traded.

Wall Street Analyst Weigh In

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

Nomura Trading Up 2.9%

The company’s 50 day moving average price is $9.46 and its 200 day moving average price is $8.72. The company has a market cap of $28.52 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.05 and a beta of 0.69. The company has a debt-to-equity ratio of 8.06, a quick ratio of 2.00 and a current ratio of 2.00.

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

Institutional Trading of Nomura

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Trust Point Inc. increased its holdings in shares of Nomura by 7.0% during the 2nd quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 1,140 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Nomura by 2.8% in the 4th quarter. Franklin Resources Inc. now owns 42,647 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 1,148 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Nomura by 5.6% in the 4th quarter. Parallel Advisors LLC now owns 22,208 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 1,176 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in Nomura by 6.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 21,392 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 1,231 shares during the period. Finally, Mayflower Financial Advisors LLC boosted its position in Nomura by 10.9% during the first quarter. Mayflower Financial Advisors LLC now owns 13,834 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 1,361 shares during the period. Institutional investors and hedge funds own 15.14% of the company’s stock.

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.