American Century Companies Inc. Has $1.64 Million Stake in Noah Holdings Limited (NYSE:NOAH)

American Century Companies Inc. grew its holdings in shares of Noah Holdings Limited (NYSE:NOAH) by 51.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,946 shares of the asset manager’s stock after acquiring an additional 47,761 shares during the period. American Century Companies Inc. owned 0.21% of Noah worth $1,639,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Wolverine Trading LLC bought a new stake in shares of Noah in the 3rd quarter valued at $196,000. Public Employees Retirement System of Ohio bought a new stake in Noah in the third quarter valued at $199,000. Ballentine Partners LLC raised its holdings in shares of Noah by 16.7% during the fourth quarter. Ballentine Partners LLC now owns 27,565 shares of the asset manager’s stock valued at $323,000 after purchasing an additional 3,948 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Noah during the 3rd quarter worth about $566,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Noah by 113.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,216 shares of the asset manager’s stock valued at $565,000 after buying an additional 25,578 shares during the period. 42.67% of the stock is owned by institutional investors.

Noah Stock Performance

NOAH stock opened at $8.42 on Thursday. The business has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $11.46. The company has a market capitalization of $555.50 million, a P/E ratio of 7.20 and a beta of 0.78. Noah Holdings Limited has a 52-week low of $7.14 and a 52-week high of $15.44.

Noah (NYSE:NOAH) last announced its earnings results on Tuesday, March 25th. The asset manager reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $89.31 million for the quarter, compared to analysts’ expectations of $102.07 million. Noah had a return on equity of 6.43% and a net margin of 23.53%. As a group, sell-side analysts forecast that Noah Holdings Limited will post 0.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NOAH. StockNews.com lowered Noah from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. upgraded Noah from a “neutral” rating to an “overweight” rating and set a $11.50 target price on the stock in a report on Wednesday. Finally, UBS Group reissued a “neutral” rating and issued a $11.50 price target on shares of Noah in a research report on Friday, March 28th.

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.