Noah (NYSE:NOAH) Upgraded at Zacks Research

Noah (NYSE:NOAH) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts also recently commented on the stock. Weiss Ratings upgraded shares of Noah from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Noah from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, JPMorgan Chase & Co. downgraded shares of Noah from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $14.70 to $12.00 in a report on Thursday, March 26th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.00.

Noah Price Performance

Shares of NOAH opened at $9.98 on Monday. The company has a market capitalization of $673.15 million, a PE ratio of 8.99 and a beta of 0.80. Noah has a one year low of $9.31 and a one year high of $12.84. The company’s fifty day moving average price is $10.45 and its 200 day moving average price is $10.83.

Institutional Trading of Noah

Institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Noah during the 2nd quarter valued at about $14,128,000. Nuveen LLC boosted its position in shares of Noah by 35.0% during the 4th quarter. Nuveen LLC now owns 454,675 shares of the asset manager’s stock valued at $4,565,000 after acquiring an additional 117,971 shares in the last quarter. Sei Investments Co. boosted its position in shares of Noah by 549.8% during the 3rd quarter. Sei Investments Co. now owns 78,178 shares of the asset manager’s stock valued at $906,000 after acquiring an additional 66,146 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Noah during the 2nd quarter valued at about $306,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Noah by 48.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 21,950 shares of the asset manager’s stock valued at $254,000 after acquiring an additional 7,163 shares in the last quarter. 42.67% of the stock is currently owned by institutional investors and hedge funds.

About Noah

Noah Holdings Limited is a China-based wealth management and asset management firm specializing in tailored advisory services for high-net-worth individuals, family offices and select institutional clients. The company offers a broad range of investment solutions that draw on its deep market research and partner network to provide access to both onshore and offshore products. Noah’s business model centers on delivering structured investment products, portfolio management services and family wealth planning solutions designed to meet the evolving needs of affluent clients in China and beyond.

Noah’s main service lines include discretionary portfolio management, fund distribution, private equity and venture capital fund platforms, and alternative investment strategies such as real estate and insurance-linked products.