Noah (NYSE:NOAH) Stock Rating Upgraded by StockNews.com

Noah (NYSE:NOAHGet Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other equities research analysts have also recently commented on the company. Bank of America decreased their price target on Noah from $51.50 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. JPMorgan Chase & Co. upgraded Noah from a “neutral” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Wednesday, June 22nd.

Shares of NOAH stock opened at $20.35 on Friday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.61 and a beta of 1.18. The company’s 50 day moving average is $17.69 and its 200 day moving average is $23.91. Noah has a 52-week low of $15.06 and a 52-week high of $47.92.

Noah (NYSE:NOAHGet Rating) last issued its quarterly earnings results on Wednesday, May 11th. The asset manager reported $0.73 earnings per share (EPS) for the quarter. The business 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%. On average, analysts anticipate that Noah will post 3.27 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Noah by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 248,966 shares of the asset manager’s stock worth $7,640,000 after purchasing an additional 632 shares during the last quarter. SG Americas Securities LLC grew its holdings in Noah by 4.2% during the first quarter. SG Americas Securities LLC now owns 22,190 shares of the asset manager’s stock worth $522,000 after acquiring an additional 900 shares during the period. Quadrant Capital Group LLC grew its holdings in Noah by 141.9% during the first quarter. Quadrant Capital Group LLC now owns 2,044 shares of the asset manager’s stock worth $48,000 after acquiring an additional 1,199 shares during the period. NN Investment Partners Holdings N.V. grew its holdings in Noah by 5.0% during the fourth quarter. NN Investment Partners Holdings N.V. now owns 27,200 shares of the asset manager’s stock worth $835,000 after acquiring an additional 1,300 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Noah by 1.9% during the fourth quarter. California Public Employees Retirement System now owns 72,812 shares of the asset manager’s stock worth $2,235,000 after acquiring an additional 1,324 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

About Noah (Get Rating)

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.

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