Nomura (NYSE:NMR) Stock Price Down 4.9% – Here’s What Happened

Nomura Holdings, Inc. (NYSE:NMR) fell 4.9% during trading on Wednesday . The stock traded as low as $6.42 and last traded at $6.52. 163,139 shares changed hands during trading, a decline of 73% from the average session volume of 612,572 shares. The stock had previously closed at $6.86.

Wall Street Analyst Weigh In

NMR has been the subject of a number of analyst reports. Bank of America started coverage on shares of Nomura in a report on Tuesday, October 22nd. They issued a “neutral” rating for the company. StockNews.com raised shares of Nomura from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th.

Nomura Stock Performance

The firm has a 50 day simple moving average of $6.07 and a 200-day simple moving average of $5.74. The company has a market cap of $20.10 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.31 and a beta of 0.66. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.17 and a quick ratio of 1.11.

Nomura (NYSE:NMR) last issued its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. Nomura had a net margin of 7.96% and a return on equity of 9.19%. As a group, analysts predict that Nomura Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Nomura

Institutional investors have recently bought and sold shares of the company. Donald Smith & CO. Inc. purchased a new position in shares of Nomura in the third quarter valued at approximately $33,783,000. Fisher Asset Management LLC increased its stake in Nomura by 20.2% during the 3rd quarter. Fisher Asset Management LLC now owns 10,179,764 shares of the financial services provider’s stock worth $53,138,000 after buying an additional 1,713,275 shares during the period. Marshall Wace LLP boosted its position in Nomura by 178.6% in the 4th quarter. Marshall Wace LLP now owns 615,924 shares of the financial services provider’s stock valued at $3,566,000 after buying an additional 394,866 shares during the period. Summit Global Investments purchased a new position in Nomura in the 4th quarter valued at approximately $1,428,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Nomura in the third quarter worth $1,219,000. 15.14% of the stock is owned by institutional investors and hedge funds.

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.