Hsbc Holdings PLC Invests $150,000 in Noah Holdings Limited (NYSE:NOAH)

Hsbc Holdings PLC bought a new stake in shares of Noah Holdings Limited (NYSE:NOAH) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 12,739 shares of the asset manager’s stock, valued at approximately $150,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of 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 worth $28,000 after acquiring an additional 2,187 shares during the period. Sei Investments Co. bought a new position in shares of Noah during the 4th quarter worth approximately $167,000. XTX Topco Ltd acquired a new stake in Noah in the 4th quarter valued at $231,000. Ballentine Partners LLC grew its position in Noah by 16.7% in the fourth quarter. Ballentine Partners LLC now owns 27,565 shares of the asset manager’s stock valued at $323,000 after acquiring an additional 3,948 shares during the period. Finally, Barclays PLC raised its stake in Noah by 14.0% during the fourth quarter. Barclays PLC now owns 28,660 shares of the asset manager’s stock worth $335,000 after acquiring an additional 3,524 shares in the last quarter. Institutional investors and hedge funds own 42.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Noah Stock Performance

Shares of NYSE NOAH opened at $9.57 on Monday. Noah Holdings Limited has a 52-week low of $7.14 and a 52-week high of $15.44. The stock has a market cap of $641.49 million, a P/E ratio of 8.18 and a beta of 0.79. The firm has a 50 day moving average price of $9.67 and a 200 day moving average price of $10.91.

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

Noah Profile

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.