Noah Holdings Ltd. (NYSE:NOAH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.66 and traded as high as $12.48. Noah shares last traded at $12.42, with a volume of 58,185 shares changing hands.
Analyst Ratings Changes
Separately, 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 report on Wednesday, April 9th.
Check Out Our Latest Report on NOAH
Noah Stock Down 0.4%
The firm has a market capitalization of $823.56 million, a price-to-earnings ratio of 12.83 and a beta of 0.88. The stock has a 50-day moving average price of $11.55 and a 200 day moving average price of $10.68.
Noah (NYSE:NOAH - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The asset manager reported $0.33 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, equities analysts forecast that Noah Holdings Ltd. will post 0.93 earnings per share for the current fiscal year.
Noah Cuts Dividend
The business also recently disclosed an annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.1572 per share. This represents a dividend yield of 8.3%. The ex-dividend date is Thursday, July 3rd. Noah's dividend payout ratio is presently 117.53%.
Hedge Funds Weigh In On Noah
A number of institutional investors and hedge funds have recently made changes to their positions in NOAH. Tower Research Capital LLC TRC lifted its stake in Noah by 1,188.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,371 shares of the asset manager's stock worth $28,000 after purchasing an additional 2,187 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in Noah during the fourth quarter worth approximately $39,000. Cubist Systematic Strategies LLC purchased a new stake in Noah during the fourth quarter worth approximately $52,000. Signaturefd LLC lifted its stake in Noah by 124.7% during the second quarter. Signaturefd LLC now owns 5,778 shares of the asset manager's stock worth $69,000 after purchasing an additional 3,207 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Noah during the fourth quarter worth approximately $72,000. 42.67% of the stock is owned by institutional investors and hedge funds.
About Noah
(
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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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