Nomura (NYSE:NMR) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Nomura Holdings Inc ADR (NYSE:NMR) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.38 and traded as high as $9.21. Nomura shares last traded at $9.0750, with a volume of 1,226,989 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NMR shares. JPMorgan Chase & Co. raised shares of Nomura from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 19th. Weiss Ratings downgraded shares of Nomura from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Bank of America upgraded Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price on the stock in a report on Thursday, June 25th. Finally, Nomura raised Nomura to a “buy” rating and set a $10.20 price target for the company in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $10.20.

Nomura Stock Up 0.2%

The firm has a market capitalization of $26.62 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 2.60 and a beta of 0.69. The business has a 50 day moving average of $8.38 and a 200 day moving average of $8.48. The company has a debt-to-equity ratio of 7.38, a current ratio of 1.08 and a quick ratio of 1.08.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Friday, April 24th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.43 billion. Nomura had a return on equity of 9.70% and a net margin of 7.64%. On average, equities analysts anticipate that Nomura Holdings Inc ADR will post 0.8 EPS for the current year.

Institutional Trading of Nomura

Several institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC increased its stake in Nomura by 32.4% in the fourth quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider’s stock valued at $110,341,000 after acquiring an additional 3,221,008 shares during the period. Orion Porfolio Solutions LLC lifted its stake in Nomura by 4,944.8% during the second quarter. Orion Porfolio Solutions LLC now owns 2,472,892 shares of the financial services provider’s stock worth $16,272,000 after purchasing an additional 2,423,873 shares during the period. Morgan Stanley boosted its holdings in Nomura by 7.0% during the fourth quarter. Morgan Stanley now owns 9,815,360 shares of the financial services provider’s stock valued at $82,351,000 after purchasing an additional 638,424 shares in the last quarter. Millennium Management LLC boosted its holdings in Nomura by 55.4% during the fourth quarter. Millennium Management LLC now owns 1,451,595 shares of the financial services provider’s stock valued at $12,179,000 after purchasing an additional 517,250 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Nomura by 27.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider’s stock valued at $18,244,000 after purchasing an additional 491,400 shares during the period. 15.14% of the stock is currently owned by institutional investors and hedge funds.

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.