Noah Holdings Limited (NYSE:NOAH) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in Noah Holdings Limited (NYSE:NOAH) by 0.1% during the 3rd quarter, Holdings Channel reports. The firm owned 1,362,694 shares of the asset manager’s stock after selling 1,988 shares during the period. Vanguard Group Inc.’s holdings in Noah were worth $16,993,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NOAH. Norges Bank acquired a new position in shares of Noah in the fourth quarter worth $2,040,000. BlackRock Inc. increased its position in Noah by 5.8% during the 1st quarter. BlackRock Inc. now owns 1,699,678 shares of the asset manager’s stock worth $39,994,000 after purchasing an additional 93,890 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Noah by 109.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 118,200 shares of the asset manager’s stock valued at $2,781,000 after purchasing an additional 61,900 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Noah by 572.1% in the 2nd quarter. Renaissance Technologies LLC now owns 69,900 shares of the asset manager’s stock valued at $1,414,000 after purchasing an additional 59,500 shares in the last quarter. Finally, Bridgewater Associates LP boosted its stake in shares of Noah by 48.7% during the 1st quarter. Bridgewater Associates LP now owns 172,253 shares of the asset manager’s stock worth $4,053,000 after purchasing an additional 56,402 shares during the last quarter. 42.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Noah from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 18th.

Noah Trading Down 3.3 %

Noah stock opened at $12.87 on Monday. The stock has a fifty day moving average price of $11.60 and a 200 day moving average price of $12.21. Noah Holdings Limited has a 52 week low of $9.90 and a 52 week high of $17.39. The firm has a market capitalization of $849.63 million, a P/E ratio of 6.31 and a beta of 1.01.

Noah (NYSE:NOAH) last posted its quarterly earnings data on Tuesday, March 26th. The asset manager reported $0.47 EPS for the quarter. Noah had a net margin of 33.36% and a return on equity of 10.05%. The company had revenue of $74.64 million during the quarter. During the same period in the prior year, the company earned $0.31 EPS. As a group, equities analysts predict that Noah Holdings Limited will post 2.43 EPS for the current year.

Noah Company 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 Businesses.