Neuberger Berman Group LLC decreased its position in shares of Noah Holdings Limited (NYSE:NOAH) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,529 shares of the asset manager’s stock after selling 2,900 shares during the period. Neuberger Berman Group LLC owned approximately 0.16% of Noah worth $2,875,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Noah during the 2nd quarter worth $158,000. Aperio Group LLC bought a new position in shares of Noah in the second quarter worth $239,000. Airain ltd bought a new position in shares of Noah in the second quarter worth $245,000. APG Asset Management N.V. bought a new position in shares of Noah in the third quarter worth $249,000. Finally, Pictet Asset Management Ltd. bought a new position in shares of Noah in the third quarter worth $324,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.
Noah Holdings Limited (NYSE NOAH) opened at $51.30 on Friday. Noah Holdings Limited has a 12-month low of $22.38 and a 12-month high of $52.82. The company has a market capitalization of $2,944.97, a price-to-earnings ratio of 28.50 and a beta of 2.58.
A number of brokerages recently commented on NOAH. BidaskClub cut Noah from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded Noah from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research report on Thursday, November 23rd.
TRADEMARK VIOLATION NOTICE: This piece was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/14/neuberger-berman-group-llc-has-2-88-million-position-in-noah-holdings-limited-noah.html.
Noah Company Profile
Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.
Receive News & Ratings for Noah Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noah and related companies with MarketBeat.com's FREE daily email newsletter.