Noah Holdings Ltd. $NOAH Shares Acquired by Signaturefd LLC

Signaturefd LLC boosted its position in Noah Holdings Ltd. (NYSE:NOAH) by 124.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,778 shares of the asset manager’s stock after purchasing an additional 3,207 shares during the period. Signaturefd LLC’s holdings in Noah were worth $69,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NOAH. Acadian Asset Management LLC grew its holdings in Noah by 61.9% in the first quarter. Acadian Asset Management LLC now owns 696,967 shares of the asset manager’s stock valued at $6,563,000 after purchasing an additional 266,602 shares during the last quarter. First Beijing Investment Ltd boosted its position in shares of Noah by 19.5% in the 1st quarter. First Beijing Investment Ltd now owns 163,443 shares of the asset manager’s stock worth $1,545,000 after buying an additional 26,710 shares in the last quarter. Bank of America Corp DE grew its stake in Noah by 1,066.6% in the 4th quarter. Bank of America Corp DE now owns 83,902 shares of the asset manager’s stock valued at $982,000 after acquiring an additional 76,710 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Noah by 39.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,022 shares of the asset manager’s stock valued at $633,000 after acquiring an additional 18,806 shares during the last quarter. Finally, Eschler Asset Management LLP increased its holdings 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 acquiring an additional 24,700 shares in the last quarter. 42.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on NOAH. Wall Street Zen lowered shares of Noah from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Noah in a report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Noah Price Performance

Shares of NOAH stock opened at $11.96 on Monday. The firm’s 50-day simple moving average is $11.93 and its 200-day simple moving average is $10.98. Noah Holdings Ltd. has a 1-year low of $7.67 and a 1-year high of $14.90. The firm has a market cap of $791.51 million, a P/E ratio of 10.68 and a beta of 0.87.

Noah (NYSE:NOAH) last issued its quarterly earnings results on Wednesday, August 27th. The asset manager reported $0.37 EPS for the quarter. The firm had revenue of $87.87 million during the quarter, compared to analyst estimates of $86.31 million. Noah had a net margin of 22.17% and a return on equity of 6.44%. Analysts expect that Noah Holdings Ltd. will post 0.93 earnings per share for the current fiscal year.

Noah Cuts Dividend

The company also recently announced an annual dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 3rd were issued a $1.1572 dividend. The ex-dividend date was Thursday, July 3rd. This represents a yield of 830.0%. Noah’s dividend payout ratio (DPR) is presently 50.00%.

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.