ValuEngine lowered shares of Noah (NYSE:NOAH) from a sell rating to a strong sell rating in a research note released on Monday morning, ValuEngine reports.

A number of other analysts have also recently commented on NOAH. JPMorgan Chase & Co. cut Sampo Oyj from an overweight rating to a neutral rating in a research report on Wednesday, May 29th. Zacks Investment Research reissued a hold rating on shares of Western New England Bancorp in a research report on Saturday, June 29th. Citigroup dropped their price target on UnitedHealth Group from $288.00 to $247.00 and set a neutral rating on the stock in a research report on Wednesday, April 17th. Finally, Deutsche Bank cut Noah from a buy rating to a hold rating in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $51.72.

Shares of NOAH opened at $33.04 on Monday. The stock has a 50 day moving average of $40.10. Noah has a 52 week low of $32.84 and a 52 week high of $60.14. The company has a market cap of $1.94 billion, a PE ratio of 17.03 and a beta of 1.87.

Noah (NYSE:NOAH) last issued its quarterly earnings results on Thursday, May 16th. The asset manager reported $0.73 EPS for the quarter. Noah had a return on equity of 14.32% and a net margin of 24.67%. The firm had revenue of $132.60 million for the quarter. As a group, research analysts forecast that Noah will post 2.74 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in NOAH. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Noah during the fourth quarter worth approximately $227,000. BlackRock Inc. boosted its holdings in shares of Noah by 7.4% during the fourth quarter. BlackRock Inc. now owns 1,386,513 shares of the asset manager’s stock worth $60,066,000 after purchasing an additional 95,780 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Noah by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 33,994 shares of the asset manager’s stock worth $1,473,000 after purchasing an additional 500 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Noah by 1.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 16,000 shares of the asset manager’s stock worth $651,000 after purchasing an additional 300 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Noah during the fourth quarter worth approximately $354,000. Institutional investors own 53.91% of the company’s stock.

Noah Company Profile

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.

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