Shell Asset Management Co. Takes Position in Noah Holdings Ltd. (NOAH)
Shell Asset Management Co. acquired a new stake in shares of Noah Holdings Ltd. (NYSE:NOAH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,758 shares of the company’s stock, valued at approximately $452,000.
Other institutional investors also recently modified their holdings of the company. Pacad Investment Ltd. acquired a new position in Noah Holdings during the first quarter valued at about $221,000. BlackRock Institutional Trust Company N.A. increased its position in Noah Holdings by 8.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 41,655 shares of the company’s stock valued at $1,036,000 after buying an additional 3,167 shares during the last quarter. Goldman Sachs Group Inc. increased its position 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 last quarter. Ward Ferry Management BVI Ltd increased its position in Noah Holdings by 48.5% in the second quarter. Ward Ferry Management BVI Ltd now owns 1,270,200 shares of the company’s stock valued at $30,625,000 after buying an additional 414,800 shares during the last quarter. Finally, Tiger Pacific Capital LP increased its position in Noah Holdings by 14.2% in the second quarter. Tiger Pacific Capital LP now owns 1,516,218 shares of the company’s stock valued at $36,556,000 after buying an additional 188,649 shares during the last quarter. 40.49% of the stock is owned by institutional investors and hedge funds.
Noah Holdings Ltd. (NYSE:NOAH) traded down 0.94% during trading on Monday, hitting $26.44. 49,883 shares of the stock traded hands. The stock has a market cap of $1.49 billion, a PE ratio of 16.79 and a beta of 2.00. The company has a 50-day moving average price of $26.61 and a 200-day moving average price of $25.44. Noah Holdings Ltd. has a 12 month low of $20.30 and a 12 month high of $33.55.
Noah Holdings (NYSE:NOAH) last issued its quarterly earnings data on Monday, August 15th. The company reported $0.51 EPS for the quarter. Noah Holdings had a net margin of 29.26% and a return on equity of 23.18%. Equities research analysts expect that Noah Holdings Ltd. will post $1.76 EPS for the current 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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