Dimensional Fund Advisors LP lifted its position in Noah Holdings Limited (NYSE:NOAH - Free Report) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,159 shares of the asset manager's stock after acquiring an additional 34,350 shares during the period. Dimensional Fund Advisors LP owned 0.59% of Noah worth $4,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Sei Investments Co. purchased a new position in shares of Noah during the 4th quarter worth $167,000. XTX Topco Ltd purchased a new stake in shares of Noah during the 4th quarter valued at approximately $231,000. Ballentine Partners LLC lifted its holdings in Noah by 16.7% in the fourth quarter. Ballentine Partners LLC now owns 27,565 shares of the asset manager's stock valued at $323,000 after acquiring an additional 3,948 shares during the last quarter. Barclays PLC grew its position in Noah by 14.0% in the fourth quarter. Barclays PLC now owns 28,660 shares of the asset manager's stock worth $335,000 after acquiring an additional 3,524 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in Noah by 167.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 34,273 shares of the asset manager's stock worth $401,000 after acquiring an additional 21,464 shares during the last quarter. 42.67% of the stock is currently owned by hedge funds and other institutional investors.
Noah Stock Performance
Shares of NYSE NOAH traded down $0.05 during trading on Friday, reaching $9.83. The stock had a trading volume of 22,603 shares, compared to its average volume of 179,882. The business's 50-day moving average price is $9.56 and its 200-day moving average price is $10.85. Noah Holdings Limited has a fifty-two week low of $7.14 and a fifty-two week high of $15.44. The company has a market cap of $658.78 million, a P/E ratio of 8.40 and a beta of 0.79.
Noah (NYSE:NOAH - Get Free Report) last released its earnings results on Tuesday, March 25th. The asset manager reported $0.26 earnings per share for the quarter. The company had revenue of $89.31 million during the quarter, compared to the consensus estimate of $102.07 million. Noah had a return on equity of 6.43% and a net margin of 23.53%. Analysts forecast that Noah Holdings Limited will post 0.93 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on NOAH shares. StockNews.com cut Noah from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. raised shares of Noah from a "neutral" rating to an "overweight" rating and set a $11.50 target price for the company in a research note on Wednesday, April 9th. Finally, UBS Group reissued a "neutral" rating and issued a $11.50 price target on shares of Noah in a research note on Friday, March 28th.
View Our Latest Stock Report on NOAH
Noah Profile
(
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 Services.
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