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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Nomura from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Bank of America started coverage on shares of Nomura in a research report on Tuesday, October 22nd. They set a “neutral” rating on the stock.

Nomura Trading Up 3.4 %

The firm has a market capitalization of $20.10 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 0.31 and a beta of 0.66. The company has a debt-to-equity ratio of 7.52, a quick ratio of 1.11 and a current ratio of 1.17. The company has a 50 day moving average price of $6.07 and a two-hundred day moving average price of $5.74.

Nomura (NYSE:NMR) last released its earnings results on Wednesday, February 5th. The financial services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. Nomura had a net margin of 7.96% and a return on equity of 9.19%. On average, research analysts forecast that Nomura Holdings, Inc. will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Nomura

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fisher Asset Management LLC lifted its stake in shares of Nomura by 20.2% in the third 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 in the last quarter. Donald Smith & CO. Inc. lifted its stake in Nomura by 44.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 9,318,383 shares of the financial services provider’s stock worth $53,953,000 after purchasing an additional 2,846,601 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Nomura by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,227,402 shares of the financial services provider’s stock worth $18,687,000 after purchasing an additional 52,741 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Nomura by 4.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,505,837 shares of the financial services provider’s stock worth $8,719,000 after purchasing an additional 63,318 shares during the last quarter. Finally, FMR LLC grew its position in shares of Nomura by 9.2% in the third quarter. FMR LLC now owns 1,362,014 shares of the financial services provider’s stock valued at $7,110,000 after purchasing an additional 114,676 shares in the last quarter. Institutional investors and hedge funds own 15.14% of the company’s stock.

Nomura Company Profile

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.