Nomura (NYSE:NMR) Rating Increased to Overweight at JPMorgan Chase & Co.

Key Points

• JPMorgan upgraded Nomura from "neutral" to overweight, while MarketBeat shows a consensus rating of Buy (one Strong Buy, one Buy, one Hold).
• Nomura reported quarterly EPS of $0.18, missing estimates of $0.24, but revenue of $3.61 billion beat estimates of $3.25 billion; analysts expect about $0.76 EPS for the current fiscal year.
• The stock traded at $7.67 (up $0.08) with a market cap of $22.49 billion and a P/E of 9.70, and a 52‑week range of $4.86–$9.58, though its debt‑to‑equity ratio is high at 7.54.

Nomura (NYSE:NMR - Get Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a note issued to investors on Thursday,Benzinga reports.

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nomura in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Nomura has a consensus rating of "Buy".

Nomura Price Performance

Shares of Nomura stock traded up $0.08 during trading on Thursday, hitting $7.67. 2,015,259 shares of the company were exchanged, compared to its average volume of 1,746,076. Nomura has a fifty-two week low of $4.86 and a fifty-two week high of $9.58. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 7.54. The firm has a 50 day moving average price of $8.80 and a 200 day moving average price of $7.97. The stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 1.79 and a beta of 0.67.

Nomura (NYSE:NMR - Get Free Report) last announced its earnings results on Friday, January 30th. The financial services provider reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.06). Nomura had a net margin of 7.81% and a return on equity of 9.88%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.25 billion. On average, equities analysts expect that Nomura will post 0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NMR. V Square Quantitative Management LLC acquired a new position in Nomura in the fourth quarter valued at $25,000. Allworth Financial LP boosted its stake in Nomura by 90.7% in the 4th 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. MAI Capital Management grew its holdings in Nomura by 1,562.0% in the 2nd quarter. MAI Capital Management now owns 6,000 shares of the financial services provider's stock valued at $39,000 after buying an additional 5,639 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Nomura by 101.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 2,515 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Nomura by 1,019.0% during 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 last quarter. 15.14% of the stock is currently owned by institutional investors and hedge funds.

About Nomura

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.

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