Nomura (NYSE:NMR) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Nomura Holdings Inc ADR (NYSE:NMR) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.46 and traded as high as $9.74. Nomura shares last traded at $9.72, with a volume of 536,711 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NMR. Wall Street Zen raised shares of Nomura from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research raised shares of Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Nomura raised shares of Nomura to a “buy” rating and set a $10.20 price objective for the company in a report on Thursday, June 25th. Finally, Bank of America raised shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price for the company in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $10.20.

Nomura Trading Up 2.9%

The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06. The company has a market cap of $28.52 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.02 and a beta of 0.69. The firm has a 50-day moving average price of $9.46 and a 200 day moving average price of $8.72.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%.The business had revenue of $4.19 billion for the quarter. As a group, sell-side analysts forecast that Nomura Holdings Inc ADR will post 0.93 EPS for the current year.

Institutional Trading of Nomura

Institutional investors and hedge funds have recently modified their holdings of the business. Trust Point Inc. boosted its stake in Nomura by 7.0% in the second quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 1,140 shares during the period. Franklin Resources Inc. grew its stake in shares of Nomura by 2.8% in the fourth quarter. Franklin Resources Inc. now owns 42,647 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 1,148 shares in the last quarter. Parallel Advisors LLC increased its stake in Nomura by 5.6% during the 4th quarter. Parallel Advisors LLC now owns 22,208 shares of the financial services provider’s stock valued at $186,000 after buying an additional 1,176 shares during the period. Valeo Financial Advisors LLC raised its holdings in Nomura by 6.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 21,392 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Mayflower Financial Advisors LLC lifted its holdings in shares of Nomura by 10.9% in the first quarter. Mayflower Financial Advisors LLC now owns 13,834 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,361 shares during the period. 15.14% of the stock is 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.