Noah (NYSE:NOAH - Get Free Report) posted its earnings results on Wednesday. The asset manager reported $0.33 earnings per share for the quarter, Zacks reports. The business had revenue of $84.69 million for the quarter. Noah had a net margin of 23.53% and a return on equity of 6.43%.
Noah Trading Up 1.3%
Shares of NOAH stock traded up $0.13 on Monday, reaching $10.44. The company had a trading volume of 134,386 shares, compared to its average volume of 102,610. The stock has a market cap of $690.79 million, a PE ratio of 8.92 and a beta of 0.79. The company has a 50-day moving average of $9.28 and a 200-day moving average of $10.63. Noah has a 12 month low of $7.14 and a 12 month high of $14.90.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on NOAH. Wall Street Zen lowered shares of 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 on the stock in a report on Wednesday, April 9th. Finally, UBS Group reissued a "neutral" rating and set a $11.50 price objective on shares of Noah in a report on Friday, March 28th.
Check Out Our Latest Stock Analysis on Noah
Institutional Investors Weigh In On Noah
A hedge fund recently raised its stake in Noah stock. Cubist Systematic Strategies LLC raised its holdings in Noah Holdings Limited (NYSE:NOAH - Free Report) by 307.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,980 shares of the asset manager's stock after acquiring an additional 13,564 shares during the period. Cubist Systematic Strategies LLC's holdings in Noah were worth $170,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 42.67% of the company's stock.
About Noah
(
Get 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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