Noah Holdings Ltd. (NYSE:NOAH - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.59 and traded as high as $12.17. Noah shares last traded at $12.14, with a volume of 182,115 shares changing hands.
Wall Street Analyst Weigh In
NOAH has been the subject of several recent research reports. UBS Group reissued a "neutral" rating and set a $11.50 target price on shares of Noah in a research report on Friday, March 28th. JPMorgan Chase & Co. upgraded Noah from a "neutral" rating to an "overweight" rating and set a $11.50 price target for the company in a research note on Wednesday, April 9th. Finally, Wall Street Zen downgraded Noah from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th.
Check Out Our Latest Stock Analysis on Noah
Noah Trading Down 2.4%
The stock has a market capitalization of $794.70 million, a PE ratio of 12.38 and a beta of 0.84. The stock's fifty day simple moving average is $10.39 and its 200-day simple moving average is $10.60.
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 for the quarter. Noah had a net margin of 19.22% and a return on equity of 5.62%. The company had revenue of $84.69 million for the quarter. As a group, analysts anticipate that Noah Holdings Ltd. will post 0.93 earnings per share for the current fiscal 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 dividend of $1.1572 per share. The ex-dividend date is Thursday, July 3rd. This represents a yield of 8.3%. Noah's dividend payout ratio (DPR) is currently 107.22%.
Institutional Investors Weigh In On Noah
A number of hedge funds have recently made changes to their positions in NOAH. Tower Research Capital LLC TRC increased its stake in shares of 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 purchasing an additional 2,187 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in Noah during the fourth quarter valued at $39,000. Cubist Systematic Strategies LLC purchased a new stake in Noah in the fourth quarter worth $52,000. BNP Paribas Financial Markets purchased a new stake in Noah in the fourth quarter worth $72,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Noah in the fourth quarter valued at $150,000. 42.67% of the stock is currently owned by institutional investors.
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.
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