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Nomura (NYSE:NMR) Sets New 12-Month High - Here's Why

Nomura logo with Finance background

Key Points

  • Nomura Holdings has reached a new 52-week high by trading at $7.49, marking a significant performance milestone for the company's stock.
  • Despite a revenue of $3.53 billion reported in its latest quarterly earnings, Nomura missed the EPS consensus estimate, reporting $0.24 instead of the expected $0.25.
  • Institutional ownership of Nomura stands at 15.14%, with several large investors increasing their stakes during recent quarters, indicating growing interest in the stock.
  • MarketBeat previews the top five stocks to own by November 1st.

Nomura Holdings Inc ADR (NYSE:NMR - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $7.49 and last traded at $7.49, with a volume of 33448 shares. The stock had previously closed at $7.40.

Nomura Stock Performance

The firm has a market capitalization of $22.33 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 7.11 and a beta of 0.77. The company has a fifty day moving average of $6.94 and a two-hundred day moving average of $6.34. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.13.

Nomura (NYSE:NMR - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $3.04 billion. As a group, equities research analysts predict that Nomura Holdings Inc ADR will post 0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nomura

A number of hedge funds have recently added to or reduced their stakes in the stock. Adero Partners LLC increased its stake in shares of Nomura by 18.2% in the 1st quarter. Adero Partners LLC now owns 12,006 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 1,848 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Nomura by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 34,913 shares of the financial services provider's stock worth $230,000 after acquiring an additional 1,983 shares during the last quarter. QRG Capital Management Inc. grew its position in Nomura by 0.9% during the 1st quarter. QRG Capital Management Inc. now owns 221,065 shares of the financial services provider's stock worth $1,360,000 after acquiring an additional 1,991 shares during the last quarter. Ieq Capital LLC grew its position in Nomura by 10.8% during the 1st quarter. Ieq Capital LLC now owns 21,082 shares of the financial services provider's stock worth $130,000 after acquiring an additional 2,055 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Nomura by 14.7% during the 2nd quarter. Blue Trust Inc. now owns 17,632 shares of the financial services provider's stock worth $116,000 after acquiring an additional 2,255 shares during the last quarter. Institutional investors own 15.14% of the company's stock.

About Nomura

(Get Free Report)

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.

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