Nomura (NYSE:NMR) Shares Gap Up – Still a Buy?

Nomura Holdings, Inc. (NYSE:NMR) shares gapped up prior to trading on Tuesday . The stock had previously closed at $5.26, but opened at $5.61. Nomura shares last traded at $5.67, with a volume of 115,773 shares.

Wall Street Analyst Weigh In

NMR has been the subject of several research reports. StockNews.com lowered Nomura from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. started coverage on Nomura in a research note on Thursday, August 29th. They set a “neutral” rating on the stock. Finally, Bank of America started coverage on Nomura in a research note on Tuesday, October 22nd. They issued a “neutral” rating for the company.

Nomura Price Performance

The stock has a market cap of $16.55 billion, a PE ratio of 9.64, a PEG ratio of 0.41 and a beta of 0.61. The business’s 50-day simple moving average is $5.41 and its 200-day simple moving average is $5.68. The company has a quick ratio of 1.16, a current ratio of 1.11 and a debt-to-equity ratio of 7.24.

Hedge Funds Weigh In On Nomura

A number of hedge funds and other institutional investors have recently made changes to their positions in NMR. Lester Murray Antman dba SimplyRich raised its position in shares of Nomura by 2.5% in the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 73,332 shares of the financial services provider’s stock worth $423,000 after acquiring an additional 1,754 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Nomura by 1.7% during the 2nd quarter. Signaturefd LLC now owns 103,146 shares of the financial services provider’s stock valued at $596,000 after buying an additional 1,772 shares in the last quarter. Optas LLC grew its position in shares of Nomura by 4.7% in the 2nd quarter. Optas LLC now owns 40,764 shares of the financial services provider’s stock worth $236,000 after buying an additional 1,819 shares during the period. DMC Group LLC increased its stake in shares of Nomura by 2.7% in the 3rd quarter. DMC Group LLC now owns 91,562 shares of the financial services provider’s stock worth $478,000 after acquiring an additional 2,379 shares in the last quarter. Finally, XY Capital Ltd increased its stake in shares of Nomura by 23.0% during the second quarter. XY Capital Ltd now owns 13,276 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 2,481 shares in the last quarter. Institutional investors own 15.14% of the company’s stock.

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.