Shares of Noah Holdings Limited (NYSE:NOAH - Get Free Report) saw an uptick in trading volume on Friday . 89,088 shares were traded during trading, an increase of 8% from the previous session's volume of 82,712 shares.The stock last traded at $10.60 and had previously closed at $10.77.
Analysts Set New Price Targets
NOAH has been the subject of a number of research analyst reports. Morgan Stanley downgraded shares of Noah from an "overweight" rating to an "equal weight" rating and set a $13.00 price target for the company. in a report on Friday, November 29th. StockNews.com raised Noah from a "hold" rating to a "buy" rating in a research note on Thursday, January 16th. Finally, UBS Group cut Noah from a "buy" rating to a "neutral" rating and set a $13.00 price objective for the company. in a research report on Thursday, October 24th.
Check Out Our Latest Report on NOAH
Noah Trading Down 0.3 %
The firm's fifty day moving average price is $11.27 and its 200-day moving average price is $10.73. The company has a market cap of $724.35 million, a price-to-earnings ratio of 9.38 and a beta of 0.78.
Noah (NYSE:NOAH - Get Free Report) last released its earnings results on Tuesday, November 26th. The asset manager reported $0.30 earnings per share (EPS) for the quarter. Noah had a return on equity of 6.43% and a net margin of 23.53%. As a group, research analysts anticipate that Noah Holdings Limited will post 0.93 EPS for the current year.
Hedge Funds Weigh In On Noah
A number of institutional investors have recently added to or reduced their stakes in NOAH. Sei Investments Co. acquired a new stake in shares of Noah in the 4th quarter worth about $167,000. American Century Companies Inc. lifted its stake in Noah by 51.8% in the 4th quarter. American Century Companies Inc. now owns 139,946 shares of the asset manager's stock worth $1,639,000 after purchasing an additional 47,761 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Noah by 113.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,216 shares of the asset manager's stock valued at $565,000 after buying an additional 25,578 shares in the last quarter. Ballentine Partners LLC raised its position in Noah by 16.7% in 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 during the period. Finally, Franklin Resources Inc. grew its holdings in Noah by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,786,627 shares of the asset manager's stock worth $24,441,000 after acquiring an additional 167,685 shares during the last quarter. 42.67% of the stock is currently owned by institutional investors and hedge funds.
Noah Company Profile
(
Get Free Report)
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.
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