FIL Ltd Has $49.89 Million Stock Holdings in Noah Holdings Limited (NYSE:NOAH)

FIL Ltd increased its holdings in shares of Noah Holdings Limited (NYSE:NOAH) by 11.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,260,790 shares of the asset manager’s stock after acquiring an additional 432,599 shares during the quarter. FIL Ltd owned about 0.06% of Noah worth $49,894,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NOAH. Franklin Resources Inc. grew its position in Noah by 9.4% in the 4th quarter. Franklin Resources Inc. now owns 1,955,360 shares of the asset manager’s stock valued at $22,897,000 after purchasing an additional 168,733 shares during the period. FMR LLC acquired a new stake in Noah in the 3rd quarter valued at $8,895,000. Arrowstreet Capital Limited Partnership grew its position in Noah by 12.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 185,996 shares of the asset manager’s stock valued at $2,178,000 after purchasing an additional 21,178 shares during the period. American Century Companies Inc. grew its position in Noah by 51.8% in the 4th quarter. American Century Companies Inc. now owns 139,946 shares of the asset manager’s stock valued at $1,639,000 after purchasing an additional 47,761 shares during the period. Finally, Trexquant Investment LP boosted its holdings in Noah by 170.7% during the 4th quarter. Trexquant Investment LP now owns 91,071 shares of the asset manager’s stock worth $1,066,000 after acquiring an additional 57,425 shares during the last quarter. 42.67% of the stock is currently owned by institutional investors and hedge funds.

Noah Stock Performance

NOAH opened at $8.42 on Thursday. The firm has a market cap of $555.50 million, a P/E ratio of 7.20 and a beta of 0.78. The firm has a 50-day moving average of $10.63 and a 200 day moving average of $11.46. Noah Holdings Limited has a fifty-two week low of $7.14 and a fifty-two week high of $15.44.

Noah (NYSE:NOAH) last announced its earnings results on Tuesday, March 25th. The asset manager reported $0.26 earnings per share for the quarter. The business had revenue of $89.31 million for the quarter, compared to the consensus estimate of $102.07 million. Noah had a net margin of 23.53% and a return on equity of 6.43%. Equities research analysts predict that Noah Holdings Limited will post 0.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NOAH has been the topic of a number of analyst reports. UBS Group reaffirmed a “neutral” rating and set a $11.50 price objective on shares of Noah in a report on Friday, March 28th. StockNews.com downgraded shares of Noah from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upgraded shares of Noah from a “neutral” rating to an “overweight” rating and set a $11.50 price target for the company in a research report on Wednesday.

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.