Noah (NYSE:NOAH) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Noah Holdings Ltd. (NYSE:NOAH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.11 and traded as high as $11.47. Noah shares last traded at $11.39, with a volume of 89,577 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NOAH. Wall Street Zen downgraded Noah from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. Weiss Ratings upgraded Noah from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Noah has a consensus rating of “Hold” and an average price target of $12.00.

Noah Stock Up 0.5%

The company has a 50-day moving average price of $11.81 and a 200-day moving average price of $11.11. The company has a market capitalization of $753.79 million, a price-to-earnings ratio of 10.17 and a beta of 0.87.

Noah (NYSE:NOAH) last posted its quarterly earnings data on Wednesday, August 27th. The asset manager reported $0.37 earnings per share for the quarter. The business had revenue of $87.87 million during the quarter, compared to analysts’ expectations of $86.31 million. Noah had a return on equity of 6.44% and a net margin of 22.17%. Equities analysts expect that Noah Holdings Ltd. will post 0.93 EPS for the current fiscal year.

Noah Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 3rd were given a $1.1572 dividend. This represents a dividend yield of 830.0%. The ex-dividend date of this dividend was Thursday, July 3rd. Noah’s dividend payout ratio is currently 50.00%.

Hedge Funds Weigh In On Noah

Several large investors have recently bought and sold shares of NOAH. Bank of America Corp DE grew its position in Noah by 2.2% in the 2nd quarter. Bank of America Corp DE now owns 99,919 shares of the asset manager’s stock worth $1,193,000 after purchasing an additional 2,163 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Noah in the second quarter valued at about $14,128,000. Marshall Wace LLP acquired a new stake in Noah during the second quarter worth about $306,000. Russell Investments Group Ltd. increased its stake in Noah by 10.0% during the second quarter. Russell Investments Group Ltd. now owns 35,627 shares of the asset manager’s stock valued at $429,000 after acquiring an additional 3,251 shares during the period. Finally, American Century Companies Inc. increased its stake in Noah by 1.5% during the second quarter. American Century Companies Inc. now owns 139,499 shares of the asset manager’s stock valued at $1,666,000 after acquiring an additional 2,084 shares during the period. 42.67% of the stock is currently owned by institutional investors and hedge funds.

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 Services.