Nomura (NYSE:NMR) Reaches New 52-Week High – Here’s Why

Nomura Holdings Inc ADR (NYSE:NMR) reached a new 52-week high during trading on Wednesday . The stock traded as high as $10.10 and last traded at $10.0950, with a volume of 46538 shares traded. The stock had previously closed at $9.91.

Analyst Ratings Changes

Several equities research analysts have weighed in on NMR shares. 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 research note on Thursday, June 25th. Nomura raised Nomura to a “buy” rating and set a $10.20 price target on the stock in a research report on Thursday, June 25th. Weiss Ratings raised Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Wall Street Zen upgraded Nomura from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $10.20.

Nomura Price Performance

The firm has a market cap of $29.53 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.06 and a beta of 0.69. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.06. The stock has a 50 day moving average price of $9.50 and a two-hundred day moving average price of $8.73.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NMR. Allworth Financial LP raised its holdings in shares of Nomura by 90.7% in the fourth quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,447 shares during the last quarter. Eastern Bank purchased a new stake in shares of Nomura during the second quarter valued at $31,000. Farther Finance Advisors LLC grew its holdings in shares of Nomura by 101.2% during the fourth quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider’s stock valued at $42,000 after buying an additional 2,515 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Nomura by 1,019.0% in the 2nd quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 5,859 shares during the period. Finally, V Square Quantitative Management LLC increased its position in shares of Nomura by 108.2% in the 1st quarter. V Square Quantitative Management LLC now owns 6,118 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 3,179 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.