SG Americas Securities LLC Purchases 900 Shares of Noah Holdings Limited (NYSE:NOAH)

SG Americas Securities LLC boosted its position in shares of Noah Holdings Limited (NYSE:NOAHGet Rating) by 4.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,190 shares of the asset manager’s stock after purchasing an additional 900 shares during the quarter. SG Americas Securities LLC’s holdings in Noah were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of NOAH. Canada Pension Plan Investment Board increased its stake in shares of Noah by 905.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 56,300 shares of the asset manager’s stock valued at $1,728,000 after acquiring an additional 50,700 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Noah by 300.9% in the 4th quarter. Russell Investments Group Ltd. now owns 57,731 shares of the asset manager’s stock valued at $1,767,000 after acquiring an additional 43,329 shares during the last quarter. Bridgewater Associates LP grew its position in shares of Noah by 34.3% in the 4th quarter. Bridgewater Associates LP now owns 115,851 shares of the asset manager’s stock valued at $3,555,000 after purchasing an additional 29,616 shares during the period. Bank of America Corp DE grew its position in shares of Noah by 52.7% in the 4th quarter. Bank of America Corp DE now owns 82,687 shares of the asset manager’s stock valued at $2,538,000 after purchasing an additional 28,554 shares during the period. Finally, Public Sector Pension Investment Board acquired a new position in shares of Noah in the 4th quarter valued at approximately $373,000. 64.19% of the stock is owned by institutional investors.

Noah Stock Performance

Shares of NOAH stock opened at $17.05 on Friday. Noah Holdings Limited has a fifty-two week low of $15.06 and a fifty-two week high of $47.92. The stock has a 50 day simple moving average of $18.01 and a two-hundred day simple moving average of $22.00. The company has a market cap of $1.03 billion, a P/E ratio of 6.34, a PEG ratio of 0.49 and a beta of 1.05.

Noah (NYSE:NOAHGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The asset manager reported $0.73 EPS for the quarter. The firm had revenue of $125.52 million during the quarter. Noah had a return on equity of 15.27% and a net margin of 30.16%. On average, research analysts predict that Noah Holdings Limited will post 3.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NOAH shares. StockNews.com cut Noah from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. upgraded Noah from a “neutral” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research report on Wednesday, June 22nd.

Noah Profile

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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. The company operates through three segments: Wealth Management, Asset Management, and Other Businesses.

See Also

Institutional Ownership by Quarter for Noah (NYSE:NOAH)

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