Nomura (NYSE:NMR) Sets New 1-Year High – Time to Buy?

Nomura Holdings Inc ADR (NYSE:NMR)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $7.62 and last traded at $7.6150, with a volume of 322054 shares. The stock had previously closed at $7.32.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NMR shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nomura in a report on Wednesday. Zacks Research upgraded Nomura from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Nomura Trading Up 4.4%

The stock has a market cap of $22.60 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 3.41 and a beta of 0.73. The company’s 50-day moving average price is $7.17 and its 200 day moving average price is $6.82. The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.13 and a current ratio of 1.13.

Nomura (NYSE:NMR) last posted its earnings results on Tuesday, October 28th. The financial services provider reported $0.22 earnings per share (EPS) 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 company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.02 billion. On average, sell-side analysts forecast that Nomura Holdings Inc ADR will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Donald Smith & CO. Inc. increased its position in shares of Nomura by 6.3% during the second quarter. Donald Smith & CO. Inc. now owns 11,063,436 shares of the financial services provider’s stock valued at $72,797,000 after acquiring an additional 650,835 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Nomura by 1.0% in the 3rd quarter. Fisher Asset Management LLC now owns 9,930,506 shares of the financial services provider’s stock worth $72,195,000 after acquiring an additional 100,704 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Nomura by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,617,888 shares of the financial services provider’s stock worth $28,400,000 after purchasing an additional 289,984 shares during the period. Orion Porfolio Solutions LLC increased its holdings in Nomura by 4,944.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,472,892 shares of the financial services provider’s stock valued at $16,272,000 after purchasing an additional 2,423,873 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Nomura by 1.9% in the 1st quarter. Northern Trust Corp now owns 2,283,072 shares of the financial services provider’s stock valued at $14,041,000 after purchasing an additional 41,756 shares during the last quarter. Institutional investors and hedge funds own 15.14% of the company’s stock.

About Nomura

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.