Coronation Fund Managers Ltd. reduced its holdings in Noah Holdings Limited (NYSE:NOAH) by 17.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,647,995 shares of the asset manager’s stock after selling 351,173 shares during the period. Noah comprises 3.4% of Coronation Fund Managers Ltd.’s holdings, making the stock its 11th largest position. Coronation Fund Managers Ltd. owned about 2.87% of Noah worth $71,391,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Advisors Asset Management Inc. grew its holdings in Noah by 24.0% in the fourth quarter. Advisors Asset Management Inc. now owns 3,725 shares of the asset manager’s stock valued at $161,000 after purchasing an additional 722 shares during the period. SG Americas Securities LLC grew its holdings in Noah by 18.1% in the fourth quarter. SG Americas Securities LLC now owns 6,419 shares of the asset manager’s stock valued at $278,000 after purchasing an additional 985 shares during the period. Capital International Sarl grew its holdings in Noah by 1.3% in the third quarter. Capital International Sarl now owns 101,000 shares of the asset manager’s stock valued at $4,256,000 after purchasing an additional 1,300 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Noah by 4.7% in the third quarter. TIAA CREF Investment Management LLC now owns 33,700 shares of the asset manager’s stock valued at $1,420,000 after purchasing an additional 1,500 shares during the period. Finally, Yorktown Management & Research Co Inc grew its holdings in Noah by 36.2% in the third quarter. Yorktown Management & Research Co Inc now owns 6,400 shares of the asset manager’s stock valued at $270,000 after purchasing an additional 1,700 shares during the period. 49.86% of the stock is currently owned by institutional investors.
Shares of NYSE:NOAH opened at $48.59 on Tuesday. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.73 billion, a PE ratio of 24.17 and a beta of 1.72. Noah Holdings Limited has a 1 year low of $34.20 and a 1 year high of $69.56.
Noah (NYSE:NOAH) last issued its quarterly earnings results on Monday, November 19th. The asset manager reported $0.50 earnings per share (EPS) for the quarter. The firm had revenue of $122.83 million for the quarter. Noah had a return on equity of 16.27% and a net margin of 25.60%. Research analysts anticipate that Noah Holdings Limited will post 2.4 EPS for the current fiscal year.
Several analysts have commented on the company. Zacks Investment Research lowered Noah from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine raised Noah from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $53.50.
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Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.
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