Nomura (NYSE:NMR) Hits New 12-Month High - Should You Buy?

Key Points

• Nomura Holdings Inc ADR's stock reached a new 52-week high of $7.13 during trading, closing at $7.10, an increase from the previous close of $6.68.
• Wall Street Zen downgraded Nomura from a "buy" rating to a "hold" rating following the company's recent quarterly earnings report, which showed an EPS of $0.15, missing the consensus estimate of $0.18.
• Several institutional investors significantly increased their positions in Nomura during the fourth quarter, with Donald Smith & CO. Inc. leading with a 44% increase in shares held.

Shares of 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 $7.13 and last traded at $7.10, with a volume of 295142 shares traded. The stock had previously closed at $6.68.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Nomura from a "buy" rating to a "hold" rating in a research report on Monday, April 28th.

Nomura Stock Down 0.1%

The company has a current ratio of 1.13, a quick ratio of 1.11 and a debt-to-equity ratio of 7.58. The stock has a 50-day simple moving average of $6.34 and a 200-day simple moving average of $6.18. The company has a market cap of $19.64 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 6.37 and a beta of 0.79.

Nomura (NYSE:NMR - Get Free Report) last announced its quarterly 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 business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.04 billion. As a group, analysts predict that Nomura Holdings Inc ADR will post 0.76 EPS for the current year.

Institutional Trading of Nomura

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Donald Smith & CO. Inc. raised its stake in shares of 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 worth $64,037,000 after buying an additional 1,094,218 shares in the last quarter. Goldman Sachs Group Inc. raised its stake 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. Dimensional Fund Advisors LP raised its stake in shares of Nomura by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,227,402 shares of the financial services provider's stock worth $18,687,000 after buying an additional 52,741 shares in the last quarter. Northern Trust Corp raised its stake in shares of Nomura by 1.9% in the 1st quarter. Northern Trust Corp now owns 2,283,072 shares of the financial services provider's stock worth $14,041,000 after buying an additional 41,756 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Nomura by 13.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,989,367 shares of the financial services provider's stock worth $11,518,000 after buying an additional 232,741 shares in the last quarter. Institutional investors 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.