Nomura (NYSE:NMR) Reaches New 52-Week High - What's Next?

Key Points

• Nomura Holdings Inc's stock reached a new 52-week high of $7.58, closing at $7.54 with a trading volume of 422,329 shares.
• The company reported $0.24 earnings per share (EPS) for the last quarter, missing estimates, but exceeded revenue expectations with $3.53 billion for the quarter.
• Hedge funds have significantly increased their investments in Nomura, with notable boosts from firms such as Jane Street Group and Millennium Management during recent quarters.

Nomura Holdings Inc ADR (NYSE:NMR - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.58 and last traded at $7.54, with a volume of 422329 shares changing hands. The stock had previously closed at $7.51.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Nomura from a "strong sell" rating to a "hold" rating in a research note on Wednesday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Nomura Stock Down 1.2%

The company has a 50 day moving average price of $7.06 and a two-hundred day moving average price of $6.37. The company has a debt-to-equity ratio of 7.58, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $22.08 billion, a PE ratio of 9.00, a PEG ratio of 3.66 and a beta of 0.77.

Nomura (NYSE:NMR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Nomura had a return on equity of 10.58% and a net margin of 8.06%.The firm had revenue of $3.53 billion during the quarter, compared to analysts' expectations of $3.04 billion. Analysts expect that Nomura Holdings Inc ADR will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Nomura

Hedge funds have recently modified their holdings of the business. Orion Porfolio Solutions LLC boosted its stake in shares of Nomura by 4,944.8% in the second 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 period. Donald Smith & CO. Inc. increased its stake in Nomura by 11.7% in the 1st quarter. Donald Smith & CO. Inc. now owns 10,412,601 shares of the financial services provider's stock valued at $64,037,000 after buying an additional 1,094,218 shares during the period. Millennium Management LLC grew its stake in shares of Nomura by 68.8% during the 4th quarter. Millennium Management LLC now owns 974,917 shares of the financial services provider's stock worth $5,645,000 after purchasing an additional 397,415 shares during the period. Carrera Capital Advisors grew its stake in shares of Nomura by 109.1% during the 2nd quarter. Carrera Capital Advisors now owns 730,716 shares of the financial services provider's stock worth $4,808,000 after purchasing an additional 381,235 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Nomura by 6.7% in 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 buying an additional 289,984 shares in the last quarter. 15.14% of the stock is currently owned by institutional investors and hedge funds.

Nomura Company Profile

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.