Nomura (NYSE:NMR) Shares Down 4.9% – Should You Sell?

Nomura Holdings, Inc. (NYSE:NMR)’s stock 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 Analyst Weigh In

NMR has been the topic of several analyst reports. Bank of America started coverage on Nomura in a report on Tuesday, October 22nd. They set a “neutral” rating on the stock. StockNews.com raised Nomura from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th.

Nomura Stock Down 4.7 %

The firm’s 50-day simple moving average is $6.07 and its two-hundred day simple moving average is $5.74. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.17 and a quick ratio of 1.11. The company has a market capitalization of $19.41 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 0.31 and a beta of 0.66.

Nomura (NYSE:NMR) last released its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. Nomura had a return on equity of 9.19% and a net margin of 7.96%. Sell-side analysts predict that Nomura Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in shares of Nomura in the 2nd quarter valued at $60,000. Blue Trust Inc. lifted its stake in Nomura by 240.5% in the 3rd quarter. Blue Trust Inc. now owns 77,339 shares of the financial services provider’s stock worth $447,000 after acquiring an additional 54,628 shares in the last quarter. DMC Group LLC grew its stake in Nomura by 2.7% during the 3rd quarter. DMC Group LLC now owns 91,562 shares of the financial services provider’s stock valued at $478,000 after acquiring an additional 2,379 shares in the last quarter. Werba Rubin Papier Wealth Management boosted its holdings in shares of Nomura by 14.4% during the third quarter. Werba Rubin Papier Wealth Management now owns 23,568 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 2,973 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Nomura by 18.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 47,349 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 7,408 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.