Nomura (NYSE:NMR) Sees Strong Trading Volume – Time to Buy?

Nomura Holdings, Inc. (NYSE:NMR) saw unusually-strong trading volume on Friday . Approximately 1,121,399 shares traded hands during 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 Analyst Weigh In

Several analysts have recently issued reports on NMR shares. Bank of America started coverage on shares of Nomura in a research note 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 report on Wednesday, December 11th.

Nomura Stock Down 3.3 %

The firm has a market cap of $16.55 billion, a PE ratio of 9.44, a PEG ratio of 0.39 and a beta of 0.65. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.19. The firm has a 50 day moving average price of $5.88 and a 200-day moving average price of $5.69.

Institutional Investors Weigh In On Nomura

Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Nomura by 225.7% in the third quarter. JPMorgan Chase & Co. now owns 92,737 shares of the financial services provider’s stock valued at $484,000 after buying an additional 64,268 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Nomura by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 37,169 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 2,082 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Nomura during the third quarter worth approximately $25,000. Sanctuary Advisors LLC boosted its holdings in Nomura by 73.6% in the third quarter. Sanctuary Advisors LLC now owns 17,904 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 7,591 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in Nomura by 12.1% in the third quarter. M&T Bank Corp now owns 34,134 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 3,675 shares in the last quarter. 15.14% of the stock is owned by hedge funds and other institutional investors.

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.