Great West Life Assurance Co. Can Has $866,000 Stake in Noah Holdings Limited (NYSE:NOAH)

Great West Life Assurance Co. Can grew its stake in shares of Noah Holdings Limited (NYSE:NOAH) by 11.9% in the 1st quarter, HoldingsChannel reports. The fund owned 17,900 shares of the asset manager’s stock after acquiring an additional 1,900 shares during the period. Great West Life Assurance Co. Can’s holdings in Noah were worth $866,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NOAH. US Bancorp DE boosted its position in shares of Noah by 15.4% during the first quarter. US Bancorp DE now owns 3,463 shares of the asset manager’s stock valued at $168,000 after buying an additional 463 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Noah by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 113,978 shares of the asset manager’s stock valued at $5,523,000 after buying an additional 650 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Noah by 21.4% during the first quarter. JPMorgan Chase & Co. now owns 898,322 shares of the asset manager’s stock valued at $43,532,000 after buying an additional 158,450 shares during the last quarter. Boston Common Asset Management LLC boosted its position in shares of Noah by 2.2% during the first quarter. Boston Common Asset Management LLC now owns 17,655 shares of the asset manager’s stock valued at $856,000 after buying an additional 380 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of Noah during the first quarter valued at $16,623,000. Hedge funds and other institutional investors own 54.26% of the company’s stock.

Several research firms recently commented on NOAH. Zacks Investment Research cut Noah from a “hold” rating to a “sell” rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. raised Noah from a “neutral” rating to an “overweight” rating and set a $52.00 price objective on the stock in a research report on Wednesday, May 29th. Citigroup cut Noah from a “buy” rating to a “neutral” rating and set a $54.17 price objective on the stock. in a research report on Wednesday, April 17th. Finally, Deutsche Bank cut Noah from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Noah currently has a consensus rating of “Hold” and an average target price of $51.72.

Noah stock opened at $40.44 on Friday. Noah Holdings Limited has a one year low of $34.20 and a one year high of $61.42. The firm has a market cap of $2.31 billion, a P/E ratio of 20.85 and a beta of 1.89.

Noah (NYSE:NOAH) last announced its earnings results on Thursday, May 16th. The asset manager reported $0.73 earnings per share (EPS) for the quarter. The business had revenue of $132.60 million for the quarter. Noah had a return on equity of 14.32% and a net margin of 24.67%. As a group, research analysts predict that Noah Holdings Limited will post 2.76 EPS for the current fiscal year.

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About Noah

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.

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Want to see what other hedge funds are holding NOAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noah Holdings Limited (NYSE:NOAH).

Institutional Ownership by Quarter for Noah (NYSE:NOAH)

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