Noah Holdings Limited (NYSE:NOAH) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its holdings in shares of Noah Holdings Limited (NYSE:NOAH - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,955,360 shares of the asset manager's stock after purchasing an additional 168,733 shares during the period. Franklin Resources Inc. owned about 2.96% of Noah worth $22,897,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ballentine Partners LLC increased 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. Sei Investments Co. purchased a new stake in shares of Noah during the fourth quarter worth about $167,000. Wolverine Trading LLC acquired a new position in shares of Noah in the third quarter valued at approximately $196,000. Public Employees Retirement System of Ohio purchased a new position in shares of Noah during the third quarter valued at approximately $199,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Noah by 12.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 185,996 shares of the asset manager's stock valued at $2,178,000 after buying an additional 21,178 shares during the period. 42.67% of the stock is currently owned by institutional investors and hedge funds.

Noah Price Performance

NYSE:NOAH traded up $0.08 during trading hours on Friday, reaching $8.35. 188,409 shares of the company were exchanged, compared to its average volume of 185,691. The firm has a market cap of $550.82 million, a price-to-earnings ratio of 7.14 and a beta of 0.78. The stock has a 50 day simple moving average of $10.53 and a 200 day simple moving average of $11.44. Noah Holdings Limited has a 52-week low of $7.14 and a 52-week high of $15.44.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on NOAH shares. StockNews.com lowered Noah from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. upgraded Noah from a "neutral" rating to an "overweight" rating and set a $11.50 target price for the company in a research note on Wednesday. Finally, UBS Group reissued a "neutral" rating and issued a $11.50 price target on shares of Noah in a research note on Friday, March 28th.

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.