Noah Holdings Limited (NYSE:NOAH) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its position in shares of Noah Holdings Limited (NYSE:NOAH - Free Report) by 51.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 139,946 shares of the asset manager's stock after purchasing an additional 47,761 shares during the quarter. American Century Companies Inc. owned approximately 0.21% of Noah worth $1,639,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of Noah by 10.4% in the third quarter. Franklin Resources Inc. now owns 1,786,627 shares of the asset manager's stock valued at $24,441,000 after purchasing an additional 167,685 shares during the last quarter. FMR LLC acquired a new stake in Noah during the 3rd quarter valued at $8,895,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Noah by 113.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,216 shares of the asset manager's stock worth $565,000 after buying an additional 25,578 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Noah in the third quarter worth $566,000. Finally, Ballentine Partners LLC lifted its position in shares of Noah by 16.7% in the fourth quarter. Ballentine Partners LLC now owns 27,565 shares of the asset manager's stock valued at $323,000 after acquiring an additional 3,948 shares in the last quarter. Institutional investors and hedge funds own 42.67% of the company's stock.

Noah Trading Up 5.2 %

NOAH traded up $0.44 during midday trading on Monday, hitting $8.84. The company's stock had a trading volume of 97,527 shares, compared to its average volume of 185,665. Noah Holdings Limited has a 52-week low of $7.14 and a 52-week high of $15.44. The firm has a 50-day moving average price of $10.53 and a two-hundred day moving average price of $11.44. The firm has a market cap of $583.21 million, a P/E ratio of 7.56 and a beta of 0.78.

Remove Ads

Noah (NYSE:NOAH - Get Free Report) last released its earnings results on Tuesday, March 25th. The asset manager reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $89.31 million during the quarter, compared to the consensus estimate of $102.07 million. Noah had a net margin of 23.53% and a return on equity of 6.43%. On average, equities analysts expect that Noah Holdings Limited will post 0.93 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on NOAH. UBS Group reiterated a "neutral" rating and set a $11.50 price objective on shares of Noah in a research report on Friday, March 28th. StockNews.com lowered shares of Noah from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upgraded shares of Noah from a "neutral" rating to an "overweight" rating and set a $11.50 target price on the stock in a research report on Wednesday, April 9th.

Noah Company Profile

Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. It operates through three segments: Wealth Management, Asset Management, and Other Services.