Nomura (NYSE:NMR) Sets New 1-Year High - Time to Buy?

Key Points

• Nomura Holdings Inc ADR reached a new 52-week high of $7.22 during mid-day trading with a trading volume of 63,482 shares.
• Wall Street Zen downgraded Nomura from a "buy" rating to a "hold" rating on April 28th, indicating a shift in investor sentiment.
• Nomura reported quarterly earnings of $0.24 EPS, slightly missing the consensus estimate, while revenue exceeded expectations at $3.53 billion.

Nomura Holdings Inc ADR (NYSE:NMR - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $7.20 and last traded at $7.22, with a volume of 63482 shares trading hands. The stock had previously closed at $7.02.

Wall Street Analyst Weigh In

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

Nomura Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.58. The business's 50-day simple moving average is $6.55 and its two-hundred day simple moving average is $6.25. The firm has a market cap of $21.82 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 6.87 and a beta of 0.78.

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

Hedge Funds Weigh In On Nomura

Institutional investors have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its stake in Nomura by 6.3% during the second quarter. Donald Smith & CO. Inc. now owns 11,063,436 shares of the financial services provider's stock valued at $72,797,000 after purchasing an additional 650,835 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Nomura by 0.3% during the 2nd quarter. Fisher Asset Management LLC now owns 9,829,802 shares of the financial services provider's stock worth $64,680,000 after acquiring an additional 33,207 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Nomura by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,617,888 shares of the financial services provider's stock valued at $28,400,000 after purchasing an additional 289,984 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 valued at $18,687,000 after acquiring an additional 52,741 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its position in shares of Nomura by 4,944.8% during 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 buying an additional 2,423,873 shares during the period. Institutional investors and hedge funds own 15.14% of the company's stock.

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.