Nomura (NYSE:NMR) Hits New 12-Month High – What’s Next?

Nomura Holdings Inc ADR (NYSE:NMR) reached a new 52-week high on Thursday . The stock traded as high as $9.59 and last traded at $9.5650, with a volume of 667980 shares trading hands. The stock had previously closed at $9.45.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NMR. Bank of America raised Nomura from a “neutral” rating to a “buy” rating and set a $10.20 price target for the company in a research report on Thursday, June 25th. Nomura raised Nomura to a “buy” rating and set a $10.20 price objective on the stock in a report on Thursday, June 25th. JPMorgan Chase & Co. raised Nomura from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 19th. Finally, Weiss Ratings lowered Nomura from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $10.20.

Nomura Stock Up 1.2%

The company has a debt-to-equity ratio of 7.38, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day moving average price of $8.53 and a 200 day moving average price of $8.53. The firm has a market capitalization of $28.31 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 2.74 and a beta of 0.69.

Nomura (NYSE:NMR) last posted its quarterly earnings data on Friday, April 24th. The financial services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.43 billion. Nomura had a net margin of 7.64% and a return on equity of 9.70%. On average, analysts predict that Nomura Holdings Inc ADR will post 0.8 earnings per share for the current year.

Institutional Trading of Nomura

A number of hedge funds have recently bought and sold shares of NMR. AQR Capital Management LLC increased its holdings in shares of Nomura by 12.5% during the 1st quarter. AQR Capital Management LLC now owns 289,538 shares of the financial services provider’s stock worth $1,781,000 after purchasing an additional 32,206 shares during the period. Goldman Sachs Group Inc. grew its position in Nomura by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 4,617,888 shares of the financial services provider’s stock worth $28,400,000 after buying an additional 289,984 shares in the last quarter. Focus Partners Wealth grew its position in Nomura by 38.4% during the first quarter. Focus Partners Wealth now owns 22,574 shares of the financial services provider’s stock worth $139,000 after buying an additional 6,268 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Nomura by 35.6% during the second quarter. Sivia Capital Partners LLC now owns 19,272 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 5,060 shares during the period. Finally, Cetera Investment Advisers increased its stake in Nomura by 28.1% during the second quarter. Cetera Investment Advisers now owns 12,936 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 2,839 shares during the period. 15.14% of the stock is 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.