Nomura (NYSE:NMR) Reaches New 52-Week High on Strong Earnings

Nomura Holdings, Inc. (NYSE:NMR) hit a new 52-week high during trading on Wednesday following a stronger than expected earnings report. The company traded as high as $6.78 and last traded at $6.82, with a volume of 112282 shares changing hands. The stock had previously closed at $6.46.

The financial services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. Nomura had a net margin of 6.91% and a return on equity of 7.93%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NMR shares. StockNews.com upgraded Nomura from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Bank of America started coverage on Nomura in a research report on Tuesday, October 22nd. They set a “neutral” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Nomura during the 4th quarter valued at approximately $1,087,000. Assetmark Inc. lifted its holdings in Nomura by 85.1% in the 4th quarter. Assetmark Inc. now owns 17,621 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 8,102 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Nomura by 22.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 382,107 shares of the financial services provider’s stock valued at $2,212,000 after purchasing an additional 70,216 shares in the last quarter. Bailard Inc. lifted its holdings in Nomura by 6.9% in the 4th quarter. Bailard Inc. now owns 53,561 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 3,440 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Nomura by 32.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 42,160 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 10,233 shares in the last quarter. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Nomura Stock Down 1.0 %

The business has a fifty day simple moving average of $6.01 and a two-hundred day simple moving average of $5.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.19. The company has a market cap of $20.52 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 0.43 and a beta of 0.66.

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.