Noah Holdings Limited (NYSE:NOAH) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus target price of $52.00 for the company, according to Zacks. Zacks has also given Noah an industry rank of 180 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Noah from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th.
Noah (NYSE:NOAH) last announced its quarterly earnings results on Tuesday, March 6th. The asset manager reported $0.42 earnings per share for the quarter. Noah had a net margin of 30.77% and a return on equity of 18.44%. The business had revenue of $110.99 million during the quarter.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Rehmann Capital Advisory Group acquired a new stake in shares of Noah during the fourth quarter valued at about $227,000. William Blair Investment Management LLC acquired a new position in shares of Noah in the fourth quarter valued at approximately $11,324,000. BB&T Securities LLC acquired a new position in shares of Noah in the fourth quarter valued at approximately $228,000. Jane Street Group LLC acquired a new position in shares of Noah in the fourth quarter valued at approximately $333,000. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Noah by 151.5% in the fourth quarter. TIAA CREF Investment Management LLC now owns 41,500 shares of the asset manager’s stock valued at $1,921,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 46.87% of the company’s stock.
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Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.
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