Nomura Holdings Inc ADR (NYSE:NMR – Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $10.79 and last traded at $10.6490, with a volume of 873143 shares trading hands. The stock had previously closed at $10.65.
Analyst Ratings Changes
A number of brokerages have recently commented on NMR. Nomura raised shares of Nomura to a “buy” rating and set a $10.20 price target on the stock in a report on Thursday, June 25th. Weiss Ratings raised shares of Nomura from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Zacks Research upgraded shares of Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Bank of America raised Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price on the stock in a research note on Thursday, June 25th. Finally, Wall Street Zen raised Nomura from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $10.20.
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Nomura Price Performance
Nomura (NYSE:NMR – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share for the quarter. Nomura had a net margin of 8.09% and a return on equity of 10.42%. The firm had revenue of $4.19 billion during the quarter. Sell-side analysts forecast that Nomura Holdings Inc ADR will post 0.93 earnings per share for the current year.
Institutional Trading of Nomura
Several institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake in shares of Nomura by 90.7% during the fourth quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,447 shares during the last quarter. Eastern Bank bought a new stake in shares of Nomura in the 2nd quarter valued at about $31,000. Osaic Holdings Inc. lifted its stake in shares of Nomura by 1,019.0% in the 2nd quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 5,859 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Nomura by 108.2% during the 1st quarter. V Square Quantitative Management LLC now owns 6,118 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 3,179 shares during the period. Finally, Sei Investments Co. purchased a new stake in Nomura during the 2nd quarter valued at about $67,000. 15.14% of the stock is currently owned by hedge funds and other institutional investors.
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.
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