Noah (NYSE:NOAH) Shares Up 6.1%

Noah Holdings Limited (NYSE:NOAHGet Free Report)’s stock price shot up 6.1% during trading on Wednesday . The stock traded as high as $13.10 and last traded at $13.06. 112,610 shares were traded during mid-day trading, a decline of 19% from the average session volume of 138,354 shares. The stock had previously closed at $12.31.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Noah from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 18th.

Check Out Our Latest Analysis on NOAH

Noah Stock Performance

The business has a fifty day moving average of $11.41 and a 200-day moving average of $12.15. The company has a market capitalization of $870.64 million, a P/E ratio of 6.50 and a beta of 1.01.

Noah (NYSE:NOAHGet Free Report) last issued its quarterly earnings data on Tuesday, March 26th. The asset manager reported $0.47 earnings per share for the quarter. Noah had a return on equity of 10.05% and a net margin of 33.36%. The business had revenue of $74.64 million for the quarter. During the same quarter last year, the business posted $0.31 earnings per share. Sell-side analysts anticipate that Noah Holdings Limited will post 2.54 EPS for the current year.

Institutional Investors Weigh In On Noah

Hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd increased its holdings in Noah by 91.1% in the 4th quarter. Quadrature Capital Ltd now owns 19,779 shares of the asset manager’s stock worth $273,000 after acquiring an additional 9,429 shares during the last quarter. Dodge & Cox grew its holdings in Noah by 15.0% during the 4th quarter. Dodge & Cox now owns 26,840 shares of the asset manager’s stock valued at $371,000 after buying an additional 3,500 shares in the last quarter. Sei Investments Co. grew its holdings in Noah by 40.4% during the 4th quarter. Sei Investments Co. now owns 15,131 shares of the asset manager’s stock valued at $209,000 after buying an additional 4,357 shares in the last quarter. Trexquant Investment LP grew its holdings in Noah by 68.8% during the 4th quarter. Trexquant Investment LP now owns 28,935 shares of the asset manager’s stock valued at $400,000 after buying an additional 11,797 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Noah by 92.2% during the 4th quarter. Quadrant Capital Group LLC now owns 12,756 shares of the asset manager’s stock valued at $176,000 after buying an additional 6,120 shares in the last quarter. 42.67% of the stock is currently owned by institutional investors.

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 Businesses.

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Noah (NYSE:NOAH) Shares Up 6.1%

Noah Holdings Limited (NYSE:NOAHGet Free Report)’s stock price shot up 6.1% during trading on Wednesday . The stock traded as high as $13.10 and last traded at $13.06. 112,610 shares were traded during mid-day trading, a decline of 19% from the average session volume of 138,354 shares. The stock had previously closed at $12.31.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Noah from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 18th.

Read Our Latest Report on Noah

Noah Trading Up 7.8 %

The firm has a market cap of $870.64 million, a price-to-earnings ratio of 6.50 and a beta of 1.01. The business’s 50-day simple moving average is $11.41 and its two-hundred day simple moving average is $12.15.

Noah (NYSE:NOAHGet Free Report) last announced its quarterly earnings data on Tuesday, March 26th. The asset manager reported $0.47 EPS for the quarter. Noah had a net margin of 33.36% and a return on equity of 10.05%. The company had revenue of $74.64 million during the quarter. During the same period last year, the business earned $0.31 EPS. On average, analysts forecast that Noah Holdings Limited will post 2.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Noah

Hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd increased its holdings in Noah by 91.1% in the 4th quarter. Quadrature Capital Ltd now owns 19,779 shares of the asset manager’s stock worth $273,000 after acquiring an additional 9,429 shares during the last quarter. Dodge & Cox increased its holdings in Noah by 15.0% in the 4th quarter. Dodge & Cox now owns 26,840 shares of the asset manager’s stock worth $371,000 after acquiring an additional 3,500 shares during the last quarter. Sei Investments Co. increased its holdings in Noah by 40.4% in the 4th quarter. Sei Investments Co. now owns 15,131 shares of the asset manager’s stock worth $209,000 after acquiring an additional 4,357 shares during the last quarter. Trexquant Investment LP increased its holdings in Noah by 68.8% in the 4th quarter. Trexquant Investment LP now owns 28,935 shares of the asset manager’s stock worth $400,000 after acquiring an additional 11,797 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Noah by 92.2% in the 4th quarter. Quadrant Capital Group LLC now owns 12,756 shares of the asset manager’s stock worth $176,000 after acquiring an additional 6,120 shares during the last quarter. 42.67% of the stock is currently 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 Businesses.

Featured Stories

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.