Noah Holdings Limited (NYSE:NOAH - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $11.28, but opened at $10.65. Noah shares last traded at $10.48, with a volume of 84,394 shares trading hands.
Wall Street Analyst Weigh In
Several research firms have weighed in on NOAH. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $12.00 price objective (up previously from $10.50) on shares of Noah in a research report on Wednesday, March 5th. StockNews.com downgraded shares of Noah from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Finally, UBS Group restated a "neutral" rating and set a $11.50 target price on shares of Noah in a research report on Friday.
Read Our Latest Report on NOAH
Noah Stock Performance
The stock's fifty day moving average price is $11.06 and its two-hundred day moving average price is $11.49. The company has a market cap of $665.61 million, a P/E ratio of 8.62 and a beta of 0.71.
Noah (NYSE:NOAH - Get Free Report) last issued its earnings results on Tuesday, March 25th. The asset manager reported $0.26 earnings per share for the quarter. Noah had a return on equity of 6.43% and a net margin of 23.53%. The firm had revenue of $89.31 million for the quarter, compared to the consensus estimate of $102.07 million. On average, equities research analysts forecast that Noah Holdings Limited will post 0.93 EPS for the current year.
Institutional Investors Weigh In On Noah
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FIL Ltd lifted its stake in shares of Noah by 11.3% in the 4th quarter. FIL Ltd now owns 4,260,790 shares of the asset manager's stock valued at $49,894,000 after acquiring an additional 432,599 shares during the last quarter. Franklin Resources Inc. grew its holdings in Noah by 9.4% during the 4th quarter. Franklin Resources Inc. now owns 1,955,360 shares of the asset manager's stock worth $22,897,000 after acquiring an additional 168,733 shares during the last quarter. FMR LLC acquired a new position in Noah during the 3rd quarter worth about $8,895,000. Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 34,350 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Noah by 12.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 185,996 shares of the asset manager's stock worth $2,178,000 after buying an additional 21,178 shares during the last quarter. 42.67% of the stock is owned by institutional investors.
About Noah
(
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.
Featured Articles
Before you consider Noah, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Noah wasn't on the list.
While Noah currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
