Noah (NYSE:NOAH) Rating Lowered to Sell at ValuEngine

ValuEngine downgraded shares of Noah (NYSE:NOAH) from a hold rating to a sell rating in a research note issued to investors on Friday morning, ValuEngine reports.

NOAH has been the topic of several other reports. Zacks Investment Research raised shares of Noah from a hold rating to a strong-buy rating and set a $30.00 price objective on the stock in a research report on Thursday, May 28th. Citigroup upgraded shares of Noah from a neutral rating to a buy rating in a research note on Monday, March 30th.

NYSE NOAH opened at $34.64 on Friday. The firm’s fifty day moving average price is $26.56 and its 200 day moving average price is $29.08. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 19.14 and a beta of 1.41. Noah has a 12 month low of $20.42 and a 12 month high of $40.18.

Noah (NYSE:NOAH) last posted its earnings results on Monday, May 18th. The asset manager reported $0.58 EPS for the quarter. The firm had revenue of $105.37 million for the quarter. Noah had a net margin of 27.58% and a return on equity of 13.03%. As a group, equities analysts expect that Noah will post 1.97 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of Noah by 4.2% in the first quarter. State Street Corp now owns 625,122 shares of the asset manager’s stock valued at $16,166,000 after acquiring an additional 25,352 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Noah by 691.1% in the first quarter. Royal Bank of Canada now owns 1,772 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 1,548 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Noah by 60.3% in the first quarter. Jane Street Group LLC now owns 12,542 shares of the asset manager’s stock valued at $324,000 after acquiring an additional 4,719 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Noah by 975.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 77,076 shares of the asset manager’s stock valued at $1,993,000 after acquiring an additional 69,906 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Noah by 10.7% in the first quarter. Geode Capital Management LLC now owns 89,617 shares of the asset manager’s stock valued at $2,302,000 after acquiring an additional 8,693 shares in the last quarter. Institutional investors own 52.84% of the company’s stock.

About Noah

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.

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