Noah Holdings Limited (NYSE:NOAH) Stock Position Lifted by Barclays PLC

Barclays PLC lifted its position in Noah Holdings Limited (NYSE:NOAH) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,660 shares of the asset manager’s stock after acquiring an additional 3,524 shares during the quarter. Barclays PLC’s holdings in Noah were worth $335,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. FIL Ltd boosted its holdings in Noah by 11.3% in the fourth quarter. FIL Ltd now owns 4,260,790 shares of the asset manager’s stock worth $49,894,000 after purchasing an additional 432,599 shares during the period. Franklin Resources Inc. raised its stake in Noah by 9.4% during the 4th quarter. Franklin Resources Inc. now owns 1,955,360 shares of the asset manager’s stock valued at $22,897,000 after acquiring an additional 168,733 shares in the last quarter. Trexquant Investment LP lifted its holdings in Noah by 170.7% in the fourth quarter. Trexquant Investment LP now owns 91,071 shares of the asset manager’s stock worth $1,066,000 after purchasing an additional 57,425 shares during the period. American Century Companies Inc. boosted its holdings in shares of Noah by 51.8% in the fourth quarter. American Century Companies Inc. now owns 139,946 shares of the asset manager’s stock valued at $1,639,000 after acquiring an additional 47,761 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Noah by 113.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,216 shares of the asset manager’s stock valued at $565,000 after purchasing an additional 25,578 shares during the period. 42.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on NOAH. JPMorgan Chase & Co. raised shares of Noah from a “neutral” rating to an “overweight” rating and set a $11.50 target price for the company in a research note on Wednesday, April 9th. StockNews.com lowered shares of Noah from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Finally, UBS Group reaffirmed a “neutral” rating and set a $11.50 price objective on shares of Noah in a research report on Friday, March 28th.

Noah Price Performance

NOAH stock opened at $9.57 on Friday. Noah Holdings Limited has a 52-week low of $7.14 and a 52-week high of $15.44. The stock has a market capitalization of $641.49 million, a price-to-earnings ratio of 8.18 and a beta of 0.79. The company has a 50-day moving average of $9.67 and a two-hundred day moving average of $10.92.

Noah (NYSE:NOAH) last released its earnings results on Tuesday, March 25th. The asset manager reported $0.26 earnings per share for the quarter. The business had revenue of $89.31 million for the quarter, compared to the consensus estimate of $102.07 million. Noah had a return on equity of 6.43% and a net margin of 23.53%. Equities analysts expect that Noah Holdings Limited will post 0.93 EPS for the current fiscal year.

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.