Noah Holdings Ltd. (NYSE:NOAH - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.11 and traded as high as $11.47. Noah shares last traded at $11.39, with a volume of 89,577 shares.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on NOAH shares. Weiss Ratings upgraded shares of Noah from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, October 8th. Wall Street Zen cut Noah from a "buy" rating to a "hold" rating in a report on Saturday, September 20th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.00.
Read Our Latest Stock Analysis on NOAH
Noah Price Performance
The company has a market cap of $753.79 million, a PE ratio of 10.17 and a beta of 0.87. The stock has a fifty day moving average price of $11.81 and a 200-day moving average price of $11.11.
Noah (NYSE:NOAH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The asset manager reported $0.37 earnings per share for the quarter. Noah had a return on equity of 6.44% and a net margin of 22.17%.The firm had revenue of $87.87 million for the quarter, compared to analyst estimates of $86.31 million. On average, equities analysts anticipate that Noah Holdings Ltd. will post 0.93 earnings per share for the current year.
Noah Cuts Dividend
The business also recently disclosed an annual dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 3rd were given a dividend of $1.1572 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a yield of 830.0%. Noah's payout ratio is presently 50.00%.
Institutional Investors Weigh In On Noah
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Noah during the 2nd quarter valued at $14,128,000. Acadian Asset Management LLC increased its holdings in Noah by 61.9% in the first quarter. Acadian Asset Management LLC now owns 696,967 shares of the asset manager's stock worth $6,563,000 after buying an additional 266,602 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Noah during the first quarter valued at approximately $354,000. Nuveen LLC acquired a new stake in Noah in the first quarter valued at approximately $350,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Noah in the second quarter worth approximately $413,000. Hedge funds and other institutional investors own 42.67% of the company's stock.
Noah Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Noah, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Noah wasn't on the list.
While Noah currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
