27,049 Shares in Noah Holdings Ltd. (NOAH) Acquired by Westpac Banking Corp
Westpac Banking Corp bought a new stake in shares of Noah Holdings Ltd. (NYSE:NOAH) during the second quarter, Holdings Channel reports. The firm bought 27,049 shares of the company’s stock, valued at approximately $652,000.
Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in Noah Holdings by 12.4% in the first quarter. Wellington Management Group LLP now owns 2,836,765 shares of the company’s stock valued at $70,579,000 after buying an additional 312,366 shares during the period. Goldman Sachs Group Inc. raised its stake in Noah Holdings by 12,960.5% in the first quarter. Goldman Sachs Group Inc. now owns 975,228 shares of the company’s stock valued at $24,264,000 after buying an additional 967,761 shares during the period. Oxford Asset Management raised its stake in Noah Holdings by 1.3% in the second quarter. Oxford Asset Management now owns 91,593 shares of the company’s stock valued at $2,208,000 after buying an additional 1,158 shares during the period. Pacad Investment Ltd. purchased a new stake in Noah Holdings during the first quarter valued at $221,000. Finally, Top Ace Asset Management Ltd purchased a new stake in Noah Holdings during the second quarter valued at $1,389,000. 40.49% of the stock is currently owned by institutional investors.
Shares of Noah Holdings Ltd. (NYSE:NOAH) opened at 26.4455 on Tuesday. Noah Holdings Ltd. has a 12-month low of $20.30 and a 12-month high of $33.55. The firm has a 50-day moving average price of $26.66 and a 200 day moving average price of $25.41. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 16.7801 and a beta of 2.00.
Noah Holdings (NYSE:NOAH) last released its quarterly earnings data on Monday, August 15th. The company reported $0.51 earnings per share (EPS) for the quarter. Noah Holdings had a return on equity of 23.18% and a net margin of 29.26%. On average, equities research analysts anticipate that Noah Holdings Ltd. will post $1.76 earnings per share for the current fiscal year.
Noah Holdings Company Profile
Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company also provides Internet finance services to clients in China. It provides direct access to China’s high net worth population.
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