Dimensional Fund Advisors LP Buys 34,350 Shares of Noah Holdings Limited (NYSE:NOAH)

Dimensional Fund Advisors LP grew its holdings in Noah Holdings Limited (NYSE:NOAH - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 391,159 shares of the asset manager's stock after buying an additional 34,350 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.59% of Noah worth $4,578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its position in shares of Noah by 16.7% during the 4th quarter. Ballentine Partners LLC now owns 27,565 shares of the asset manager's stock worth $323,000 after buying an additional 3,948 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Noah by 113.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,216 shares of the asset manager's stock worth $565,000 after acquiring an additional 25,578 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Noah by 51.8% during the 4th quarter. American Century Companies Inc. now owns 139,946 shares of the asset manager's stock worth $1,639,000 after acquiring an additional 47,761 shares during the last quarter. Sei Investments Co. bought a new position in Noah during the 4th quarter worth $167,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Noah by 12.8% during the 4th 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 period. 42.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com lowered Noah from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. upgraded Noah from a "neutral" rating to an "overweight" rating and set a $11.50 target price for the company in a research report on Wednesday, April 9th. Finally, UBS Group restated a "neutral" rating and set a $11.50 price objective on shares of Noah in a research report on Friday, March 28th.

Noah Trading Down 0.5%

Shares of NOAH traded down $0.05 during midday trading on Friday, reaching $9.83. The stock had a trading volume of 22,603 shares, compared to its average volume of 179,915. The company has a market capitalization of $658.78 million, a price-to-earnings ratio of 8.40 and a beta of 0.79. Noah Holdings Limited has a 12-month low of $7.14 and a 12-month high of $15.35. The company's 50-day moving average is $9.55 and its 200 day moving average is $10.81.

Noah (NYSE:NOAH - Get Free Report) last announced its earnings results on Tuesday, March 25th. The asset manager reported $0.26 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $102.07 million. Research analysts forecast that Noah Holdings Limited will post 0.93 EPS for the current fiscal year.

Noah Profile

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.