BidaskClub cut shares of Noah Holdings Ltd. (NYSE:NOAH) from a strong-buy rating to a buy rating in a research report released on Monday, October 23rd.
Separately, Zacks Investment Research raised shares of Noah Holdings from a sell rating to a hold rating in a report on Thursday, August 31st.
Shares of Noah Holdings (NYSE:NOAH) opened at $39.47 on Monday. The firm has a market cap of $2,231.91, a price-to-earnings ratio of 22.82 and a beta of 2.60. Noah Holdings has a fifty-two week low of $21.33 and a fifty-two week high of $40.98.
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A number of large investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in Noah Holdings by 1.2% in the 3rd quarter. Wells Fargo & Company MN now owns 179,841 shares of the asset manager’s stock valued at $5,774,000 after purchasing an additional 2,046 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Noah Holdings by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 876,417 shares of the asset manager’s stock valued at $27,598,000 after buying an additional 138,248 shares during the period. Pictet Asset Management Ltd. acquired a new position in Noah Holdings during the 3rd quarter valued at about $324,000. Aperio Group LLC increased its stake in Noah Holdings by 109.7% during the 3rd quarter. Aperio Group LLC now owns 17,475 shares of the asset manager’s stock valued at $561,000 after buying an additional 9,143 shares during the period. Finally, First Trust Advisors LP increased its stake in Noah Holdings by 17.0% during the 3rd quarter. First Trust Advisors LP now owns 76,585 shares of the asset manager’s stock valued at $2,459,000 after buying an additional 11,100 shares during the period. Hedge funds and other institutional investors own 41.34% of the company’s stock.
Noah Holdings 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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