Connor Clark & Lunn Investment Management Ltd. Has $565,000 Stake in Noah Holdings Limited (NYSE:NOAH)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Noah Holdings Limited (NYSE:NOAH - Free Report) by 113.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,216 shares of the asset manager's stock after buying an additional 25,578 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of Noah worth $565,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NOAH. Franklin Resources Inc. lifted its stake in Noah by 10.4% during the third quarter. Franklin Resources Inc. now owns 1,786,627 shares of the asset manager's stock valued at $24,441,000 after buying an additional 167,685 shares in the last quarter. FMR LLC purchased a new stake in shares of Noah in the 3rd quarter valued at approximately $8,895,000. Point72 Asset Management L.P. acquired a new position in Noah in the 3rd quarter worth approximately $566,000. Ballentine Partners LLC grew its position in Noah by 16.7% during the 4th quarter. Ballentine Partners LLC now owns 27,565 shares of the asset manager's stock worth $323,000 after purchasing an additional 3,948 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Noah during the 3rd quarter valued at $199,000. Institutional investors own 42.67% of the company's stock.

Noah Stock Performance

Shares of NYSE:NOAH traded down $0.78 during midday trading on Wednesday, hitting $10.51. 191,824 shares of the stock were exchanged, compared to its average volume of 185,041. The company has a market capitalization of $693.06 million, a PE ratio of 8.98 and a beta of 0.71. Noah Holdings Limited has a 52-week low of $7.14 and a 52-week high of $15.44. The business's fifty day simple moving average is $11.07 and its two-hundred day simple moving average is $11.47.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on NOAH shares. StockNews.com cut Noah from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Morgan Stanley cut Noah from an "overweight" rating to an "equal weight" rating and set a $13.00 target price on the stock. in a research note on Friday, November 29th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $12.00 target price (up previously from $10.50) on shares of Noah in a report on Wednesday, March 5th.

About Noah

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.