D. E. Shaw & Co. Inc. Acquires Shares of 38,760 Noah Holdings Limited (NYSE:NOAH)

D. E. Shaw & Co. Inc. acquired a new stake in shares of Noah Holdings Limited (NYSE:NOAH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 38,760 shares of the asset manager's stock, valued at approximately $454,000. D. E. Shaw & Co. Inc. owned about 0.06% of Noah as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. FIL Ltd increased its holdings in Noah by 11.3% in the 4th quarter. FIL Ltd now owns 4,260,790 shares of the asset manager's stock valued at $49,894,000 after buying an additional 432,599 shares during the period. Franklin Resources Inc. boosted its position in shares of Noah by 9.4% during the 4th quarter. Franklin Resources Inc. now owns 1,955,360 shares of the asset manager's stock valued at $22,897,000 after acquiring an additional 168,733 shares in the last quarter. Bank of America Corp DE increased its stake in Noah by 1,066.6% in the fourth quarter. Bank of America Corp DE now owns 83,902 shares of the asset manager's stock valued at $982,000 after acquiring an additional 76,710 shares during the period. Trexquant Investment LP raised its position in Noah by 170.7% in the fourth quarter. Trexquant Investment LP now owns 91,071 shares of the asset manager's stock worth $1,066,000 after purchasing an additional 57,425 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Noah by 51.8% in the fourth quarter. American Century Companies Inc. now owns 139,946 shares of the asset manager's stock worth $1,639,000 after purchasing an additional 47,761 shares in the last quarter. Institutional investors and hedge funds own 42.67% of the company's stock.

Noah Stock Down 1.7%

NYSE:NOAH traded down $0.19 during trading hours on Friday, hitting $10.58. 14,629 shares of the stock were exchanged, compared to its average volume of 176,491. The company has a market capitalization of $709.46 million, a P/E ratio of 9.05 and a beta of 0.79. The company's 50 day moving average is $9.29 and its two-hundred day moving average is $10.66. Noah Holdings Limited has a twelve month low of $7.14 and a twelve month high of $14.90.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NOAH shares. Wall Street Zen lowered Noah from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised Noah from a "neutral" rating to an "overweight" rating and set a $11.50 price objective for the company in a report on Wednesday, April 9th. Finally, UBS Group reissued a "neutral" rating and set a $11.50 price target on shares of Noah in a report on Friday, March 28th.

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.