Investment analysts at Deutsche Bank began coverage on shares of Noah (NYSE:NOAH) in a research note issued on Wednesday, September 12th, Marketbeat reports. The firm set a “buy” rating on the asset manager’s stock.
Several other equities analysts have also recently weighed in on NOAH. ValuEngine cut Noah from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Nomura raised Noah from a “neutral” rating to a “buy” rating in a report on Thursday, July 19th. Finally, Zacks Investment Research raised Noah from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $53.50.
NYSE NOAH traded down $1.51 during midday trading on Wednesday, hitting $36.53. The company had a trading volume of 594,401 shares, compared to its average volume of 390,941. The stock has a market capitalization of $2.42 billion, a PE ratio of 18.17 and a beta of 2.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.03 and a quick ratio of 4.03. Noah has a twelve month low of $33.76 and a twelve month high of $69.56.
Several institutional investors have recently bought and sold shares of NOAH. SG Americas Securities LLC raised its holdings in shares of Noah by 52.0% during the 1st quarter. SG Americas Securities LLC now owns 3,495 shares of the asset manager’s stock worth $165,000 after buying an additional 1,195 shares in the last quarter. Pendal Group Ltd acquired a new position in shares of Noah during the 1st quarter worth $1,946,000. Northern Trust Corp raised its holdings in shares of Noah by 1.3% during the 1st quarter. Northern Trust Corp now owns 114,239 shares of the asset manager’s stock worth $5,392,000 after buying an additional 1,452 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Noah by 7.8% during the 1st quarter. BlackRock Inc. now owns 464,783 shares of the asset manager’s stock worth $21,943,000 after buying an additional 33,517 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in shares of Noah by 2.5% during the 1st quarter. Artisan Partners Limited Partnership now owns 114,924 shares of the asset manager’s stock worth $5,426,000 after buying an additional 2,770 shares in the last quarter. 48.52% of the stock is owned by institutional investors.
Noah Company Profile
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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