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. The company operates through three segments: Wealth Management, Asset Management, and Other Businesses. It offers investment products, including domestic and overseas publicly-raised and public securities investment funds, privately-raised investment funds, and private equity products; customized value-added financial services, such as investor education and trust services, as well as insurance brokerage services; and insurance products. The company also provides onshore and offshore private equity, real estate, public securities, multi-strategy, and other investment products, as well as lending services. Noah Holdings Limited was founded in 2005 and is headquartered in Shanghai, the People's Republic of China.
Noah Trading Down 3.5 %
NYSE:NOAH traded down $0.58 during midday trading on Monday, hitting $16.15. 96,801 shares of the stock were exchanged, compared to its average volume of 239,497. Noah has a one year low of $15.06 and a one year high of $47.92. The company has a market capitalization of $971.57 million, a price-to-earnings ratio of 6.03, a P/E/G ratio of 0.50 and a beta of 1.05. The business has a 50-day moving average price of $18.00 and a two-hundred day moving average price of $21.77.
Noah (NYSE:NOAH - Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The asset manager reported $0.73 earnings per share (EPS) for the quarter. The company had revenue of $125.52 million for the quarter. Noah had a return on equity of 15.27% and a net margin of 30.16%. Sell-side analysts forecast that Noah will post 3.27 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on NOAH. StockNews.com downgraded Noah from a "buy" rating to a "hold" rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. raised Noah from a "neutral" rating to an "overweight" rating and set a $22.00 target price on the stock in a report on Wednesday, June 22nd.