Noah (NYSE:NOAH) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Noah (NYSE:NOAH - Free Report) from a buy rating to a hold rating in a research report report published on Friday morning.

Several other research firms have also recently weighed in on NOAH. Morgan Stanley cut Noah from an "overweight" rating to an "equal weight" rating and set a $13.00 price objective on the stock. in a report on Friday, November 29th. UBS Group downgraded shares of Noah from a "buy" rating to a "neutral" rating and set a $13.00 target price on the stock. in a report on Thursday, October 24th.

Noah Stock Down 1.4 %

Noah stock traded down $0.16 during midday trading on Friday, hitting $11.33. 110,551 shares of the stock were exchanged, compared to its average volume of 87,911. The stock has a market capitalization of $747.44 million, a PE ratio of 9.68 and a beta of 0.78. The company has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $10.86. Noah has a 52 week low of $7.14 and a 52 week high of $15.44.

Noah (NYSE:NOAH - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The asset manager reported $0.30 earnings per share (EPS) for the quarter. Noah had a net margin of 23.53% and a return on equity of 6.43%. As a group, equities research analysts anticipate that Noah will post 0.93 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. FIL Ltd boosted its position in Noah by 11.3% during the 4th quarter. FIL Ltd now owns 4,260,790 shares of the asset manager's stock worth $49,894,000 after acquiring an additional 432,599 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Noah by 9.4% in the fourth quarter. Franklin Resources Inc. now owns 1,955,360 shares of the asset manager's stock worth $22,897,000 after purchasing an additional 168,733 shares in the last quarter. FMR LLC acquired a new position in Noah during the third quarter worth $8,895,000. Dimensional Fund Advisors LP grew its position in Noah by 9.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 391,159 shares of the asset manager's stock valued at $4,578,000 after purchasing an additional 34,350 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Noah by 12.8% in the 4th 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 last quarter. 42.67% of the stock is currently owned by institutional investors.

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.