Shares of Nomura Holdings Inc. (NYSE:NMR) shot up 2.3% during mid-day trading on Thursday . The company traded as high as $4.08 and last traded at $4.04, with a volume of 173,315 shares changing hands. The stock had previously closed at $3.95.

A number of research firms have recently issued reports on NMR. Zacks Investment Research upgraded shares of Nomura Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Morgan Stanley lowered shares of Nomura Holdings from an “overweight” rating to an “equal” rating in a research note on Friday, July 8th. Daiwa Capital Markets lowered shares of Nomura Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Jefferies Group lowered shares of Nomura Holdings from an “outperform” rating to a “neutral” rating in a research note on Friday, June 24th. Finally, JPMorgan Chase & Co. lowered shares of Nomura Holdings from a “neutral” rating to an “underweight” rating in a research note on Friday, June 24th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold”.

The firm has a market capitalization of $14.38 billion and a PE ratio of 11.87. The company has a 50-day moving average price of $3.81 and a 200-day moving average price of $4.36.

Nomura Holdings (NYSE:NMR) last announced its quarterly earnings results on Wednesday, April 27th. The company reported ($5.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.25 by $9.58. The company earned $362.22 billion during the quarter, compared to analyst estimates of $315.58 billion. Nomura Holdings’s revenue was down 29.0% on a year-over-year basis. On average, analysts forecast that Nomura Holdings Inc. will post $0.23 EPS for the current year.

Several large investors have recently made changes to their positions in NMR. Thornburg Investment Management Inc. boosted its stake in shares of Nomura Holdings by 9.7% in the fourth quarter. Thornburg Investment Management Inc. now owns 608,790 shares of the company’s stock valued at $3,379,000 after buying an additional 53,616 shares during the last quarter. Comerica Bank boosted its stake in shares of Nomura Holdings by 3.2% in the fourth quarter. Comerica Bank now owns 211,718 shares of the company’s stock worth $1,097,000 after buying an additional 6,597 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Nomura Holdings by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,141,651 shares of the company’s stock worth $6,336,000 after buying an additional 9,100 shares during the last quarter.

Nomura Holdings, Inc (Nomura) is a Japan-based financial services company. The Company operates through three business segments: Retail, Asset Management and Wholesale. The Retail segment provides investment consultation services to individual clients in Japan. The Asset Management segment develops and manages investment trusts, and provides investment advisory services.

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