Nomura (NYSE:NMR) Sets New 12-Month High - Still a Buy?

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) reached a new 52-week high during mid-day trading on Tuesday . The stock 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.

Nomura Price Performance

The company has a market cap of $22.26 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 7.15 and a beta of 0.77. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.58. The business has a 50-day moving average price of $7.04 and a 200 day moving average price of $6.37.

Nomura (NYSE:NMR - Get Free Report) last issued its earnings results 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 company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.04 billion. As a group, research analysts expect that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC boosted its stake 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 worth $16,272,000 after purchasing an additional 2,423,873 shares during the period. Donald Smith & CO. Inc. lifted its holdings in shares of Nomura by 11.7% in the first quarter. Donald Smith & CO. Inc. now owns 10,412,601 shares of the financial services provider's stock valued at $64,037,000 after purchasing an additional 1,094,218 shares in the last quarter. Millennium Management LLC boosted its position in shares of Nomura by 68.8% in the fourth quarter. Millennium Management LLC now owns 974,917 shares of the financial services provider's stock worth $5,645,000 after buying an additional 397,415 shares during the period. Carrera Capital Advisors grew its holdings in shares of Nomura by 109.1% during the second quarter. Carrera Capital Advisors now owns 730,716 shares of the financial services provider's stock valued at $4,808,000 after buying an additional 381,235 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised 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 valued at $28,400,000 after buying an additional 289,984 shares during the period. 15.14% of the stock is owned by hedge funds and other institutional investors.

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.