Noah Holdings Ltd. (NYSE:NOAH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $52.00 for the company, according to Zacks. Zacks has also given Noah an industry rank of 88 out of 265 based on the ratings given to its competitors.

NOAH has been the topic of a number of analyst reports. BidaskClub raised shares of Noah from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of Noah from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research note on Thursday, November 23rd.

Noah (NYSE NOAH) traded down $1.13 during mid-day trading on Friday, hitting $43.18. 485,932 shares of the company were exchanged, compared to its average volume of 386,316. Noah has a 1-year low of $21.33 and a 1-year high of $48.30. The firm has a market cap of $2,505.60, a PE ratio of 24.62 and a beta of 2.58.

A number of institutional investors have recently added to or reduced their stakes in NOAH. JPMorgan Chase & Co. increased its stake in Noah by 223,587.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 738,169 shares of the asset manager’s stock valued at $21,150,000 after buying an additional 737,839 shares during the period. Yiheng Capital LLC increased its stake in Noah by 25.0% during the 2nd quarter. Yiheng Capital LLC now owns 1,636,402 shares of the asset manager’s stock valued at $46,883,000 after buying an additional 327,449 shares during the period. Janus Henderson Group PLC increased its stake in Noah by 104.2% during the 3rd quarter. Janus Henderson Group PLC now owns 502,614 shares of the asset manager’s stock valued at $16,130,000 after buying an additional 256,489 shares during the period. Davis Selected Advisers increased its stake in Noah by 13.3% during the 2nd quarter. Davis Selected Advisers now owns 1,434,298 shares of the asset manager’s stock valued at $41,093,000 after buying an additional 168,882 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Noah by 158.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 197,835 shares of the asset manager’s stock valued at $5,024,000 after buying an additional 121,365 shares during the period. 46.91% of the stock is currently owned by hedge funds and other institutional investors.

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Noah Company Profile

Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.

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