Nomura (NYSE:NMR) Sets New 12-Month High – Here’s What Happened

Nomura Holdings Inc ADR (NYSE:NMR) reached a new 52-week high on Thursday . The stock traded as high as $9.00 and last traded at $8.8550, with a volume of 1340297 shares traded. The stock had previously closed at $8.81.

Wall Street Analyst Weigh In

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

Nomura Price Performance

The company has a 50 day simple moving average of $7.78 and a 200 day simple moving average of $7.26. The company has a market capitalization of $25.98 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 4.91 and a beta of 0.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.71.

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

Institutional Investors Weigh In On Nomura

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

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.