Tower Research Capital LLC TRC Buys 2,187 Shares of Noah Holdings Limited (NYSE:NOAH)

Tower Research Capital LLC TRC lifted its stake in Noah Holdings Limited (NYSE:NOAH) by 1,188.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,371 shares of the asset manager’s stock after acquiring an additional 2,187 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Noah were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. FIL Ltd increased its stake in Noah by 11.3% during the fourth quarter. FIL Ltd now owns 4,260,790 shares of the asset manager’s stock worth $49,894,000 after acquiring an additional 432,599 shares during the last quarter. Franklin Resources Inc. grew its holdings in Noah by 9.4% in the fourth quarter. Franklin Resources Inc. now owns 1,955,360 shares of the asset manager’s stock worth $22,897,000 after purchasing an additional 168,733 shares during the last quarter. Trexquant Investment LP raised its holdings in shares of 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 buying an additional 57,425 shares during the last quarter. American Century Companies Inc. lifted its stake in Noah by 51.8% during the 4th 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 during the period. Finally, Dimensional Fund Advisors LP boosted its position in Noah by 9.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 391,159 shares of the asset manager’s stock worth $4,578,000 after purchasing an additional 34,350 shares in the last quarter. Institutional investors own 42.67% of the company’s stock.

Wall Street Analyst Weigh In

NOAH has been the subject of several research reports. StockNews.com lowered Noah from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. UBS Group reissued a “neutral” rating and issued a $11.50 target price on shares of Noah in a report on Friday, March 28th. Finally, 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.

Noah Price Performance

NOAH opened at $9.87 on Friday. Noah Holdings Limited has a 1-year low of $7.14 and a 1-year high of $15.44. The stock’s 50 day simple moving average is $9.56 and its 200 day simple moving average is $10.85. The stock has a market cap of $661.60 million, a P/E ratio of 8.44 and a beta of 0.79.

Noah (NYSE:NOAH) last issued its quarterly earnings results on Tuesday, March 25th. The asset manager reported $0.26 earnings per share for the quarter. Noah had a return on equity of 6.43% and a net margin of 23.53%. The company had revenue of $89.31 million during the quarter, compared to the consensus estimate of $102.07 million. Research 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.