Noah (NYSE:NOAH) Issues Quarterly Earnings Results

Noah (NYSE:NOAH) released its quarterly earnings results on Tuesday. The asset manager reported $0.47 EPS for the quarter, Zacks reports. The company had revenue of $74.64 million for the quarter. Noah had a net margin of 33.36% and a return on equity of 10.16%. During the same quarter in the prior year, the business posted $0.31 EPS.

Noah Stock Up 17.2 %

Shares of NYSE NOAH opened at $11.86 on Thursday. The company’s 50-day simple moving average is $11.41 and its 200-day simple moving average is $12.19. Noah has a 52-week low of $9.90 and a 52-week high of $17.77. The firm has a market cap of $778.13 million, a price-to-earnings ratio of 5.81 and a beta of 1.00.

Analyst Ratings Changes

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

Institutional Trading of Noah

Several institutional investors have recently modified their holdings of NOAH. Credit Suisse AG grew its stake in Noah by 9.7% during the 1st quarter. Credit Suisse AG now owns 14,234 shares of the asset manager’s stock valued at $236,000 after acquiring an additional 1,258 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Noah by 4.0% during the 3rd quarter. Nuveen Asset Management LLC now owns 36,600 shares of the asset manager’s stock valued at $483,000 after acquiring an additional 1,400 shares in the last quarter. Invesco Ltd. grew its stake in Noah by 4.8% during the 3rd quarter. Invesco Ltd. now owns 31,454 shares of the asset manager’s stock valued at $392,000 after acquiring an additional 1,432 shares in the last quarter. Quantbot Technologies LP grew its stake in Noah by 34.4% during the 2nd quarter. Quantbot Technologies LP now owns 7,930 shares of the asset manager’s stock valued at $160,000 after acquiring an additional 2,030 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Noah by 1,597.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,361 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 3,163 shares in the last quarter. Institutional investors and hedge funds own 42.67% of the company’s stock.

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.