Noah (NYSE:NOAH) Upgraded at StockNews.com

StockNews.com upgraded shares of Noah (NYSE:NOAH) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Morgan Stanley downgraded Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 target price on the stock. in a report on Friday, November 29th.

Noah Trading Down 5.5 %

NYSE NOAH opened at $11.17 on Friday. Noah has a 12 month low of $7.14 and a 12 month high of $15.44. The stock has a market cap of $736.93 million, a P/E ratio of 9.55 and a beta of 0.78. The stock’s fifty day moving average price is $11.11 and its 200-day moving average price is $11.00.

Noah (NYSE:NOAH) last released its quarterly earnings data on Tuesday, November 26th. The asset manager reported $0.30 EPS for the quarter. Noah had a return on equity of 6.43% and a net margin of 23.53%. As a group, analysts forecast that Noah will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of Noah

Several institutional investors and hedge funds have recently added to or reduced their stakes in NOAH. Tower Research Capital LLC TRC grew its holdings in Noah by 1,188.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,371 shares of the asset manager’s stock valued at $28,000 after buying an additional 2,187 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Noah by 2,218.7% during the 3rd quarter. Signaturefd LLC now owns 2,481 shares of the asset manager’s stock worth $31,000 after acquiring an additional 2,374 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Noah by 18.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 19,085 shares of the asset manager’s stock worth $223,000 after acquiring an additional 2,930 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in Noah during the 4th quarter valued at $39,000. Finally, Blue Trust Inc. raised its position in Noah by 510.7% during the 3rd quarter. Blue Trust Inc. now owns 3,982 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 3,330 shares in the last quarter. Institutional investors own 42.67% of the company’s stock.

About Noah

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. It operates through three segments: Wealth Management, Asset Management, and Other Services.