Nomura (NYSE:NMR) Sees Large Volume Increase – Time to Buy?

Nomura Holdings, Inc. (NYSE:NMR) saw an uptick in trading volume on Friday . 1,121,399 shares changed hands during mid-day trading, an increase of 180% from the previous session’s volume of 399,966 shares.The stock last traded at $5.59 and had previously closed at $5.76.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NMR. Bank of America began coverage on shares of Nomura in a research 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 company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.19. The stock has a market cap of $16.58 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 0.39 and a beta of 0.65. The firm’s 50-day moving average is $5.89 and its two-hundred day moving average is $5.69.

Institutional Investors Weigh In On Nomura

A number of large investors have recently bought and sold shares of NMR. FMR LLC boosted its stake in shares of Nomura by 9.2% during the 3rd quarter. FMR LLC now owns 1,362,014 shares of the financial services provider’s stock worth $7,110,000 after acquiring an additional 114,676 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Nomura during the second quarter worth approximately $1,140,000. Envestnet Asset Management Inc. grew its holdings in Nomura by 98.7% during the second quarter. Envestnet Asset Management Inc. now owns 427,944 shares of the financial services provider’s stock valued at $2,474,000 after purchasing an additional 212,599 shares during the last quarter. Millennium Management LLC bought a new position in shares of Nomura in the second quarter valued at approximately $4,608,000. Finally, Verition Fund Management LLC bought a new stake in shares of Nomura during the 3rd quarter worth $97,000. 15.14% of the stock is currently owned by institutional investors.

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.