Noah Holdings Ltd. (NYSE:NOAH - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.59 and traded as high as $12.14. Noah shares last traded at $11.96, with a volume of 42,956 shares traded.
Wall Street Analyst Weigh In
NOAH has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Noah from a "neutral" rating to an "overweight" rating and set a $11.50 price target on the stock in a research report on Wednesday, April 9th. UBS Group restated a "neutral" rating and set a $11.50 price target on shares of Noah in a report on Friday, March 28th. Finally, Wall Street Zen lowered shares of Noah from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th.
View Our Latest Stock Report on Noah
Noah Price Performance
The stock's 50 day simple moving average is $11.18 and its two-hundred day simple moving average is $10.61. The stock has a market cap of $809.59 million, a price-to-earnings ratio of 12.61 and a beta of 0.88.
Noah (NYSE:NOAH - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The asset manager reported $0.33 earnings per share (EPS) for the quarter. Noah had a return on equity of 5.62% and a net margin of 19.22%. The business had revenue of $84.69 million during the quarter. As a group, analysts predict that Noah Holdings Ltd. will post 0.93 earnings per share for the current year.
Noah Cuts Dividend
The firm also recently declared an annual dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 3rd will be issued a $1.1572 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a dividend yield of 8.3%. Noah's dividend payout ratio is 117.53%.
Institutional Trading of Noah
Several institutional investors and hedge funds have recently added to or reduced their stakes in NOAH. Tower Research Capital LLC TRC boosted its position in Noah by 1,188.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,371 shares of the asset manager's stock worth $28,000 after acquiring an additional 2,187 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in Noah during the 4th quarter worth $39,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Noah during the fourth quarter valued at about $52,000. Signaturefd LLC boosted its stake in shares of Noah by 124.7% during the second quarter. Signaturefd LLC now owns 5,778 shares of the asset manager's stock valued at $69,000 after purchasing an additional 3,207 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Noah during the fourth quarter worth about $72,000. 42.67% of the stock is owned by institutional investors.
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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