Nomura (NYSE:NMR) Hits New 52-Week High - Still a 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.

Nomura Holdings Inc ADR (NYSE:NMR - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $7.13 and last traded at $7.10, with a volume of 295142 shares changing hands. The stock had previously closed at $6.68.

Analyst Upgrades and Downgrades

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

Nomura Stock Performance

The business has a fifty day simple moving average of $6.36 and a two-hundred day simple moving average of $6.18. The company has a quick ratio of 1.11, a current ratio of 1.13 and a debt-to-equity ratio of 7.58. The company has a market cap of $19.78 billion, a P/E ratio of 8.06, a P/E/G ratio of 6.29 and a beta of 0.78.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Nomura in the fourth quarter worth about $1,087,000. LPL Financial LLC raised its stake in shares of Nomura by 51.5% in the fourth quarter. LPL Financial LLC now owns 17,951 shares of the financial services provider's stock worth $104,000 after buying an additional 6,103 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Nomura by 21.5% in the fourth quarter. JPMorgan Chase & Co. now owns 112,675 shares of the financial services provider's stock worth $652,000 after buying an additional 19,938 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of Nomura by 20.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 45,037 shares of the financial services provider's stock worth $261,000 after buying an additional 7,572 shares during the period. Finally, OLD Mission Capital LLC bought a new position in shares of Nomura in the fourth quarter worth about $178,000. 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.