Noah (NYSE:NOAH – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Noah Stock Up 0.6 %
NYSE NOAH opened at $15.00 on Thursday. The company has a market cap of $958.35 million, a PE ratio of 7.01, a price-to-earnings-growth ratio of 2.53 and a beta of 1.05. Noah has a 52 week low of $11.78 and a 52 week high of $21.98. The firm’s 50-day simple moving average is $16.83 and its two-hundred day simple moving average is $16.69.
Noah (NYSE:NOAH – Get Rating) last released its quarterly earnings data on Monday, March 27th. The asset manager reported $0.31 EPS for the quarter. The business had revenue of $127.89 million for the quarter. Noah had a net margin of 31.79% and a return on equity of 11.27%. As a group, equities research analysts anticipate that Noah will post 2.58 EPS for the current year.
Institutional Investors Weigh In On Noah
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Credit Suisse AG increased its position in shares of Noah by 9.7% during the first quarter. Credit Suisse AG now owns 14,234 shares of the asset manager’s stock valued at $236,000 after buying an additional 1,258 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Noah by 131.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 5,100 shares of the asset manager’s stock worth $84,000 after purchasing an additional 2,900 shares during the last quarter. Davis Selected Advisers increased its position in shares of Noah by 1.1% in the first quarter. Davis Selected Advisers now owns 805,195 shares of the asset manager’s stock worth $13,326,000 after purchasing an additional 8,797 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Noah in the first quarter worth approximately $78,000. Finally, DGS Capital Management LLC bought a new position in shares of Noah in the fourth quarter worth approximately $330,000. 45.44% of the stock is currently owned by institutional investors.
About Noah
Noah Holdings Ltd. provides investment advisory and wealth management services. It operates business through the following segments: Wealth Management, Asset Management, and Lending & Other servicers. The Wealth Management segment offers a global wealth investment and asset allocation services to high net worth individuals and enterprise clients in China.