Ballentine Partners LLC Purchases 4,563 Shares of Noah Holdings Ltd. $NOAH

Ballentine Partners LLC raised its holdings in shares of Noah Holdings Ltd. (NYSE:NOAH) by 20.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,824 shares of the asset manager’s stock after purchasing an additional 4,563 shares during the quarter. Ballentine Partners LLC’s holdings in Noah were worth $320,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in shares of Noah by 61.9% during the first quarter. Acadian Asset Management LLC now owns 696,967 shares of the asset manager’s stock valued at $6,563,000 after buying an additional 266,602 shares during the last quarter. First Beijing Investment Ltd lifted its position in Noah by 19.5% in the 1st quarter. First Beijing Investment Ltd now owns 163,443 shares of the asset manager’s stock valued at $1,545,000 after acquiring an additional 26,710 shares in the last quarter. Everstar Asset Management LLC acquired a new position in Noah during the 1st quarter valued at about $217,000. Eschler Asset Management LLP boosted its stake in Noah by 70.8% during the 1st quarter. Eschler Asset Management LLP now owns 59,600 shares of the asset manager’s stock valued at $563,000 after purchasing an additional 24,700 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in Noah by 307.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 17,980 shares of the asset manager’s stock worth $170,000 after purchasing an additional 13,564 shares in the last quarter. Institutional investors and hedge funds own 42.67% of the company’s stock.

Noah Trading Down 0.1%

Shares of NOAH opened at $11.22 on Monday. The company has a market capitalization of $742.80 million, a price-to-earnings ratio of 10.02 and a beta of 0.90. The stock has a 50 day moving average of $11.98 and a 200 day moving average of $10.96. Noah Holdings Ltd. has a 12 month low of $7.67 and a 12 month high of $14.90.

Noah (NYSE:NOAH) last released its earnings results on Wednesday, August 27th. The asset manager reported $0.37 EPS for the quarter. The company had revenue of $87.87 million for the quarter, compared to analysts’ expectations of $86.31 million. Noah had a return on equity of 6.44% and a net margin of 22.17%. As a group, equities research analysts predict that Noah Holdings Ltd. will post 0.93 earnings per share for the current year.

Noah Cuts Dividend

The business also recently announced an annual dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 3rd were given a dividend of $1.1572 per share. This represents a dividend yield of 830.0%. The ex-dividend date of this dividend was Thursday, July 3rd. Noah’s dividend payout ratio is currently 50.00%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Noah from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Noah currently has an average rating of “Hold” and a consensus price target of $12.00.

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.