Shares of Nomura Holdings, Inc. (NYSE:NMR – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday following a better than expected earnings announcement. The company traded as high as $6.78 and last traded at $6.82, with a volume of 112282 shares traded. 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 return on equity of 7.93% and a net margin of 6.91%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on NMR shares. StockNews.com raised Nomura from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Bank of America started coverage on Nomura in a report on Tuesday, October 22nd. They issued a “neutral” rating for the company.
Hedge Funds Weigh In On Nomura
Hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Nomura during the third quarter valued at approximately $25,000. R Squared Ltd acquired a new stake in shares of Nomura in the fourth quarter valued at approximately $26,000. Catalytic Wealth RIA LLC acquired a new stake in shares of Nomura in the third quarter valued at approximately $59,000. Adero Partners LLC acquired a new stake in shares of Nomura in the fourth quarter valued at approximately $59,000. Finally, Savant Capital LLC acquired a new stake in shares of Nomura in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 15.14% of the company’s stock.
Nomura Stock Performance
The company has a debt-to-equity ratio of 7.19, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $20.52 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.43 and a beta of 0.66. The firm has a fifty day moving average of $5.98 and a 200 day moving average of $5.70.
About Nomura
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.
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