Noah Holdings Limited (NYSE:NOAH) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in shares of Noah Holdings Limited (NYSE:NOAH) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,955,360 shares of the asset manager’s stock after buying an additional 168,733 shares during the period. Franklin Resources Inc.’s holdings in Noah were worth $22,897,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NOAH. Sei Investments Co. purchased a new position in shares of Noah in the 4th quarter worth about $167,000. Wolverine Trading LLC purchased a new position in Noah in the third quarter valued at approximately $196,000. Public Employees Retirement System of Ohio purchased a new position in Noah in the third quarter valued at approximately $199,000. Ballentine Partners LLC lifted its position in Noah by 16.7% during the fourth quarter. Ballentine Partners LLC now owns 27,565 shares of the asset manager’s stock valued at $323,000 after buying an additional 3,948 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Noah by 167.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 34,273 shares of the asset manager’s stock worth $401,000 after acquiring an additional 21,464 shares in the last quarter. Hedge funds and other institutional investors own 42.67% of the company’s stock.

Noah Price Performance

Shares of NOAH stock opened at $8.63 on Monday. The company’s fifty day moving average price is $10.89 and its two-hundred day moving average price is $11.52. The firm has a market capitalization of $569.36 million, a P/E ratio of 7.38 and a beta of 0.71. Noah Holdings Limited has a 12 month low of $7.14 and a 12 month high of $15.44.

Noah (NYSE:NOAH) last issued its quarterly earnings results on Tuesday, March 25th. The asset manager reported $0.26 EPS for the quarter. Noah had a return on equity of 6.43% and a net margin of 23.53%. The firm had revenue of $89.31 million during the quarter, compared to the consensus estimate of $102.07 million. On average, sell-side analysts anticipate that Noah Holdings Limited will post 0.93 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NOAH shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $12.00 target price (up previously from $10.50) on shares of Noah in a report on Wednesday, March 5th. UBS Group reaffirmed a “neutral” rating and issued a $11.50 target price on shares of Noah in a research report on Friday, March 28th. Finally, StockNews.com downgraded Noah from a “buy” rating to a “hold” rating in a report on Thursday, March 20th.

Noah 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.