Noah (NYSE:NOAH) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Noah (NYSE:NOAH – Get Rating) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

A number of other brokerages have also recently commented on NOAH. JPMorgan Chase & Co. cut Noah from an overweight rating to a neutral rating in a research note on Tuesday, November 22nd. Daiwa Capital Markets initiated coverage on Noah in a research note on Monday, December 5th. They set a buy rating for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $29.17.

Noah Stock Up 0.2 %

Shares of Noah stock opened at $18.19 on Tuesday. Noah has a 12 month low of $11.78 and a 12 month high of $28.50. The business has a fifty day simple moving average of $18.96 and a 200 day simple moving average of $16.27. The stock has a market cap of $1.16 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 3.13 and a beta of 1.06.

Institutional Trading of Noah

A number of institutional investors have recently modified their holdings of the company. DGS Capital Management LLC bought a new stake in shares of Noah in the fourth quarter valued at about $330,000. Norges Bank bought a new stake in shares of Noah in the fourth quarter valued at about $2,040,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Noah in the fourth quarter valued at about $278,000. Platinum Investment Management Ltd. lifted its holdings in shares of Noah by 4.5% in the fourth quarter. Platinum Investment Management Ltd. now owns 2,577,110 shares of the asset manager’s stock valued at $39,945,000 after purchasing an additional 111,133 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado bought a new stake in shares of Noah in the fourth quarter valued at about $34,000. 45.44% of the stock is currently owned by institutional investors.

Noah Company Profile

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Noah Holdings Ltd. provides investment advisory and wealth management services. It operates business through the following segments: Wealth Management, Asset Management, and Lending & Other servicers. The Wealth Management segment offers a global wealth investment and asset allocation services to high net worth individuals and enterprise clients in China.