Nomura Holdings Inc. (NMR) Shares Up 4%
Nomura Holdings Inc. (NYSE:NMR)’s share price shot up 4% during mid-day trading on Wednesday . The stock traded as high as $4.69 and last traded at $4.65, with a volume of 103,483 shares traded. The stock had previously closed at $4.47.
Several brokerages have recently issued reports on NMR. Morgan Stanley cut shares of Nomura Holdings from an “overweight” rating to an “equal” rating in a research note on Friday, July 8th. Jefferies Group raised shares of Nomura Holdings from an “underperform” rating to a “hold” rating in a research note on Thursday, September 1st. Zacks Investment Research raised shares of Nomura Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. JPMorgan Chase & Co. began coverage on shares of Nomura Holdings in a research report on Friday, July 29th. They issued a “neutral” rating on the stock. Finally, TheStreet downgraded shares of Nomura Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $5.00.
The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 16.280 and a beta of 1.83. The firm has a 50-day moving average of $4.53 and a 200-day moving average of $4.27.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/nomura-holdings-inc-nmr-shares-up-4.html
Nomura Holdings (NYSE:NMR) last issued its quarterly earnings results on Thursday, July 28th. The company reported $12.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.80 by $6.91. The business had revenue of $418.41 billion for the quarter, compared to the consensus estimate of $300.50 billion. Nomura Holdings had a net margin of 7.05% and a return on equity of 4.01%. The firm’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $19.11 EPS. On average, analysts predict that Nomura Holdings Inc. will post $0.24 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of NMR. Wetherby Asset Management Inc. increased its position in shares of Nomura Holdings by 8.1% in the second quarter. Wetherby Asset Management Inc. now owns 77,352 shares of the company’s stock valued at $272,000 after buying an additional 5,829 shares during the period. NINE MASTS CAPITAL Ltd increased its position in shares of Nomura Holdings by 17.3% in the second quarter. NINE MASTS CAPITAL Ltd now owns 2,623,300 shares of the company’s stock valued at $9,279,000 after buying an additional 386,600 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Nomura Holdings by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,157,251 shares of the company’s stock valued at $4,062,000 after buying an additional 13,800 shares during the period. Emerald Acquisition Ltd. bought a new position in shares of Nomura Holdings during the second quarter valued at about $2,209,000. Finally, World Asset Management Inc increased its position in shares of Nomura Holdings by 8.3% in the second quarter. World Asset Management Inc now owns 236,598 shares of the company’s stock valued at $830,000 after buying an additional 18,157 shares during the period. Institutional investors and hedge funds own 0.53% of the company’s stock.
Nomura Holdings Company Profile
Nomura Holdings, Inc (Nomura) is a financial services company. The Company, through its broker-dealer, banking and other financial services subsidiaries, provide investment, financing and related services to individual, institutional and government clients across the world. The Company’s segments include Retail, Asset Management and Wholesale.
Receive News & Ratings for Nomura Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomura Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.