SG Americas Securities LLC raised its position in shares of Noah Holdings Limited (NYSE:NOAH) by 67.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 10,717 shares of the asset manager’s stock after purchasing an additional 4,298 shares during the quarter. SG Americas Securities LLC’s holdings in Noah were worth $519,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in Noah by 103.2% during the 1st quarter. Quadrant Capital Group LLC now owns 2,528 shares of the asset manager’s stock valued at $122,000 after purchasing an additional 1,284 shares during the period. Advisors Asset Management Inc. increased its position in Noah by 24.0% during the 4th 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. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Noah by 46.4% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,424 shares of the asset manager’s stock valued at $187,000 after purchasing an additional 1,403 shares during the period. Virtu Financial LLC bought a new position in shares of Noah during the 1st quarter worth approximately $209,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Noah during the 4th quarter worth approximately $227,000. 52.15% of the stock is owned by institutional investors and hedge funds.
Shares of Noah stock traded down $0.04 on Friday, reaching $38.52. 43,468 shares of the company’s stock were exchanged, compared to its average volume of 377,167. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 19.86 and a beta of 1.66. Noah Holdings Limited has a 52 week low of $34.20 and a 52 week high of $67.00.
Noah (NYSE:NOAH) last posted its quarterly earnings results on Tuesday, March 12th. The asset manager reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $119.57 million for the quarter. Noah had a return on equity of 14.32% and a net margin of 24.67%. Sell-side analysts expect that Noah Holdings Limited will post 2.84 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Noah from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. cut Noah from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $52.00 in a report on Thursday, March 14th. Deutsche Bank cut Noah from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, Citigroup cut Noah from a “buy” rating to a “neutral” rating and set a $54.17 price target on the stock. in a report on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Noah presently has a consensus rating of “Hold” and a consensus target price of $51.72.
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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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