Bank of America Corp DE Has $982,000 Holdings in Noah Holdings Limited (NYSE:NOAH)

Bank of America Corp DE grew its position in shares of Noah Holdings Limited (NYSE:NOAH - Free Report) by 1,066.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,902 shares of the asset manager's stock after acquiring an additional 76,710 shares during the quarter. Bank of America Corp DE owned 0.13% of Noah worth $982,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NOAH. FIL Ltd increased its position in shares of Noah by 11.3% in the fourth quarter. FIL Ltd now owns 4,260,790 shares of the asset manager's stock valued at $49,894,000 after acquiring an additional 432,599 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Noah by 9.4% in the 4th quarter. Franklin Resources Inc. now owns 1,955,360 shares of the asset manager's stock valued at $22,897,000 after buying an additional 168,733 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Noah by 9.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 391,159 shares of the asset manager's stock valued at $4,578,000 after buying an additional 34,350 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Noah by 12.8% during the fourth 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 last quarter. Finally, American Century Companies Inc. raised its position in Noah by 51.8% during the fourth 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 in the last quarter. 42.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group reiterated a "neutral" rating and issued a $11.50 target price on shares of Noah in a research note on Friday, March 28th. Wall Street Zen cut Noah from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Finally, 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 note on Wednesday, April 9th.

Noah Stock Performance

Shares of NOAH stock traded up $0.29 during midday trading on Friday, hitting $11.37. 108,383 shares of the company were exchanged, compared to its average volume of 171,349. Noah Holdings Limited has a 52 week low of $7.14 and a 52 week high of $14.90. The firm has a market capitalization of $752.00 million, a P/E ratio of 9.71 and a beta of 0.84. The firm's 50 day moving average price is $9.37 and its two-hundred day moving average price is $10.61.

Noah (NYSE:NOAH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The asset manager reported $0.33 earnings per share (EPS) for the quarter. Noah had a return on equity of 6.43% and a net margin of 23.53%. The company had revenue of $84.69 million during the quarter. Analysts expect that Noah Holdings Limited will post 0.93 EPS for the current year.

Noah Company 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.