Noah Holdings Limited (NYSE:NOAH) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC grew its position in shares of Noah Holdings Limited (NYSE:NOAH) by 16.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,565 shares of the asset manager’s stock after buying an additional 3,948 shares during the period. Ballentine Partners LLC’s holdings in Noah were worth $323,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NOAH. Signaturefd LLC lifted its stake in Noah by 2,218.7% during the third quarter. Signaturefd LLC now owns 2,481 shares of the asset manager’s stock worth $31,000 after purchasing an additional 2,374 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Noah by 510.7% in the 3rd quarter. Blue Trust Inc. now owns 3,982 shares of the asset manager’s stock valued at $49,000 after buying an additional 3,330 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Noah during the 3rd quarter valued at about $65,000. Wolverine Trading LLC acquired a new stake in shares of Noah during the 3rd quarter worth approximately $196,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Noah in the 3rd quarter worth approximately $199,000. Institutional investors and hedge funds own 42.67% of the company’s stock.

Noah Price Performance

NYSE NOAH opened at $10.93 on Friday. Noah Holdings Limited has a 12 month low of $7.14 and a 12 month high of $15.44. The firm has a market capitalization of $720.79 million, a PE ratio of 9.34 and a beta of 0.79. The company’s 50 day simple moving average is $11.57 and its 200 day simple moving average is $10.44.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group downgraded shares of Noah from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a report on Thursday, October 24th. StockNews.com raised Noah from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley cut Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price target for the company. in a research note on Friday, November 29th.

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.