Noah (NYSE:NOAH) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Noah (NYSE:NOAH) from a hold rating to a buy rating in a report released on Saturday.

Separately, Morgan Stanley lowered shares of Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price target on the stock. in a research report on Friday, November 29th.

Noah Stock Up 0.3 %

Shares of NOAH stock opened at $11.82 on Friday. The company’s fifty day simple moving average is $11.12 and its 200-day simple moving average is $10.92. The firm has a market cap of $779.44 million, a PE ratio of 10.10 and a beta of 0.78. Noah has a 12 month low of $7.14 and a 12 month high of $15.44.

Noah (NYSE:NOAH) last announced its quarterly earnings data on Tuesday, November 26th. The asset manager reported $0.30 EPS for the quarter. Noah had a net margin of 23.53% and a return on equity of 6.43%. On average, equities analysts predict that Noah will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of Noah

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in Noah by 1,188.6% during the fourth 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 in the last quarter. Signaturefd LLC increased its holdings in shares of Noah by 2,218.7% in the third quarter. Signaturefd LLC now owns 2,481 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 2,374 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Noah by 18.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 19,085 shares of the asset manager’s stock valued at $223,000 after purchasing an additional 2,930 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Noah in the fourth quarter valued at $39,000. Finally, Blue Trust Inc. increased its holdings in shares of Noah by 510.7% in the third quarter. Blue Trust Inc. now owns 3,982 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 3,330 shares during the last quarter. 42.67% of the stock is owned by institutional investors.

Noah Company 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.