Wall Street Zen Downgrades Noah (NYSE:NOAH) to Hold

Noah (NYSE:NOAH) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Noah in a report on Monday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.50.

Noah Stock Down 0.9%

Shares of NOAH stock opened at $9.81 on Friday. Noah has a 12-month low of $7.67 and a 12-month high of $12.84. The firm has a fifty day moving average of $10.81 and a 200-day moving average of $11.54. The firm has a market capitalization of $648.89 million, a price-to-earnings ratio of 7.60 and a beta of 0.86.

Noah (NYSE:NOAH) last posted its earnings results on Tuesday, November 25th. The asset manager reported $0.46 earnings per share for the quarter. Noah had a return on equity of 7.23% and a net margin of 25.99%.The firm had revenue of $88.90 million for the quarter, compared to analyst estimates of $92.22 million. Research analysts expect that Noah will post 0.93 earnings per share for the current year.

Hedge Funds Weigh In On Noah

A number of large investors have recently bought and sold shares of NOAH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Noah during the 2nd quarter worth approximately $14,128,000. Acadian Asset Management LLC boosted its holdings in Noah by 61.9% during the first quarter. Acadian Asset Management LLC now owns 696,967 shares of the asset manager’s stock worth $6,563,000 after purchasing an additional 266,602 shares during the last quarter. UBS Group AG grew its position in Noah by 25.1% in the third quarter. UBS Group AG now owns 176,462 shares of the asset manager’s stock valued at $2,045,000 after purchasing an additional 35,378 shares in the last quarter. First Beijing Investment Ltd increased its stake in Noah by 19.5% in the 1st quarter. First Beijing Investment Ltd now owns 163,443 shares of the asset manager’s stock valued at $1,545,000 after buying an additional 26,710 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Noah by 1.5% in the 2nd quarter. American Century Companies Inc. now owns 139,499 shares of the asset manager’s stock valued at $1,666,000 after buying an additional 2,084 shares during the last quarter. Institutional investors and hedge funds own 42.67% of the company’s stock.

Noah Company Profile

Noah Holdings Limited is a China-based wealth management and asset management firm specializing in tailored advisory services for high-net-worth individuals, family offices and select institutional clients. The company offers a broad range of investment solutions that draw on its deep market research and partner network to provide access to both onshore and offshore products. Noah’s business model centers on delivering structured investment products, portfolio management services and family wealth planning solutions designed to meet the evolving needs of affluent clients in China and beyond.

Noah’s main service lines include discretionary portfolio management, fund distribution, private equity and venture capital fund platforms, and alternative investment strategies such as real estate and insurance-linked products.