Noah Holdings Limited (NYSE:NOAH) Shares Purchased by FIL Ltd

FIL Ltd raised its position in shares of Noah Holdings Limited (NYSE:NOAH - Free Report) by 11.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,260,790 shares of the asset manager's stock after purchasing an additional 432,599 shares during the quarter. FIL Ltd owned 6.46% of Noah worth $49,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sei Investments Co. bought a new position in Noah in the 4th quarter worth $167,000. Wolverine Trading LLC purchased a new position in Noah in the 3rd quarter worth approximately $196,000. Public Employees Retirement System of Ohio purchased a new stake in Noah during the 3rd quarter valued at approximately $199,000. Ballentine Partners LLC lifted its holdings in shares of Noah by 16.7% in the fourth 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 in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of 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 owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NOAH has been the topic of a number of research reports. UBS Group reaffirmed a "neutral" rating and issued a $11.50 price objective on shares of Noah in a research note on Friday, March 28th. StockNews.com cut shares of Noah from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. upgraded shares of Noah from a "neutral" rating to an "overweight" rating and set a $11.50 target price on the stock in a research report on Wednesday, April 9th.

Noah Price Performance

NYSE NOAH traded up $0.25 during midday trading on Tuesday, hitting $8.95. 56,690 shares of the company traded hands, compared to its average volume of 101,997. The company has a market cap of $590.47 million, a PE ratio of 7.65 and a beta of 0.78. Noah Holdings Limited has a 52 week low of $7.14 and a 52 week high of $15.44. The company's 50-day simple moving average is $10.49 and its 200-day simple moving average is $11.42.

Noah (NYSE:NOAH - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The asset manager reported $0.26 earnings per share for the quarter. Noah had a return on equity of 6.43% and a net margin of 23.53%. The business had revenue of $89.31 million during the quarter, compared to the consensus estimate of $102.07 million. On average, research analysts predict that Noah Holdings Limited will post 0.93 earnings per share for the current 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.