Nomura (NYSE:NMR) Trading Down 6.1% – Here’s Why

Nomura Holdings Inc ADR (NYSE:NMR)’s stock price dropped 6.1% during mid-day trading on Friday . The stock traded as low as $7.78 and last traded at $7.7650. Approximately 374,557 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,867,325 shares. The stock had previously closed at $8.27.

Wall Street Analysts Forecast Growth

NMR has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Nomura from a “neutral” rating to an “overweight” rating in a report on Thursday, March 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Nomura in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Nomura Trading Down 5.3%

The company has a 50 day moving average of $8.31 and a 200-day moving average of $8.10. The company has a debt-to-equity ratio of 7.54, a quick ratio of 1.13 and a current ratio of 1.12. The stock has a market cap of $22.99 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 2.14 and a beta of 0.75.

Nomura (NYSE:NMR) last posted its earnings results on Friday, January 30th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.06). Nomura had a return on equity of 9.88% and a net margin of 7.81%.The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.25 billion. On average, research analysts anticipate that Nomura Holdings Inc ADR will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Nomura

Several hedge funds and other institutional investors have recently made changes to their positions in NMR. V Square Quantitative Management LLC purchased a new position in shares of Nomura in the 4th quarter valued at about $25,000. Allworth Financial LP grew its stake in Nomura by 90.7% during the 4th quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,447 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Nomura by 101.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider’s stock worth $42,000 after buying an additional 2,515 shares during the last quarter. Osaic Holdings Inc. grew its stake in Nomura by 1,019.0% during the 2nd 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 last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Nomura by 196.5% in the 3rd quarter. Global Retirement Partners LLC now owns 6,588 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 4,366 shares during the last quarter. Hedge funds and other institutional investors own 15.14% of the company’s stock.

About Nomura

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.