Nomura (NYSE:NMR) Reaches New 52-Week High – Still a Buy?

Nomura Holdings Inc ADR (NYSE:NMR)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $9.35 and last traded at $9.2450, with a volume of 1384412 shares traded. The stock had previously closed at $9.17.

Analysts Set New Price Targets

NMR has been the subject of a number of recent research reports. Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Nomura in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Nomura presently has a consensus rating of “Buy”.

Nomura Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.71. The company has a market cap of $27.12 billion, a PE ratio of 11.14, a P/E/G ratio of 5.11 and a beta of 0.68. The stock has a 50-day simple moving average of $7.94 and a 200 day simple moving average of $7.34.

Nomura (NYSE:NMR) last released its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Nomura had a return on equity of 10.23% and a net margin of 8.07%. Equities analysts expect that Nomura Holdings Inc ADR will post 0.76 EPS for the current year.

Hedge Funds Weigh In On Nomura

Several large investors have recently made changes to their positions in NMR. NewSquare Capital LLC boosted its position in shares of Nomura by 288.5% during the 2nd quarter. NewSquare Capital LLC now owns 4,402 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 3,269 shares during the period. MAI Capital Management lifted its stake in Nomura by 1,562.0% during the second quarter. MAI Capital Management now owns 6,000 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 5,639 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Nomura by 1,019.0% during the second quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock worth $42,000 after buying an additional 5,859 shares during the period. Global Retirement Partners LLC grew its stake in shares of Nomura by 196.5% in the third quarter. Global Retirement Partners LLC now owns 6,588 shares of the financial services provider’s stock valued at $48,000 after buying an additional 4,366 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Nomura by 467.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 7,442 shares of the financial services provider’s stock valued at $54,000 after buying an additional 6,130 shares during the period. 15.14% of the stock is currently owned by institutional investors and hedge funds.

Nomura Company Profile

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.