Noah Holdings Limited (NYSE:NOAH) Position Reduced by Blue Trust Inc.

Blue Trust Inc. reduced its stake in shares of Noah Holdings Limited (NYSE:NOAH) by 33.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,641 shares of the asset manager’s stock after selling 1,341 shares during the period. Blue Trust Inc.’s holdings in Noah were worth $33,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC grew its stake in Noah by 2,218.7% in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Noah in the 3rd quarter worth approximately $65,000. Wolverine Trading LLC acquired a new position in shares of Noah in the 3rd quarter worth approximately $196,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Noah during the 3rd quarter valued at approximately $199,000. Finally, Creative Planning acquired a new stake in shares of Noah during the 3rd quarter valued at approximately $206,000. Institutional investors own 42.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. StockNews.com upgraded shares of Noah from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. Morgan Stanley lowered shares of Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price target for the company. in a report on Friday, November 29th.

Noah Trading Down 1.2 %

Shares of NYSE NOAH opened at $11.68 on Friday. The company has a market cap of $770.64 million, a price-to-earnings ratio of 9.98 and a beta of 0.78. The stock’s 50 day simple moving average is $11.11 and its 200 day simple moving average is $11.03. Noah Holdings Limited has a 12-month low of $7.14 and a 12-month high of $15.44.

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

Noah 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.