Virtu Financial LLC bought a new position in shares of Noah Holdings Limited (NYSE:NOAH) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 4,310 shares of the asset manager’s stock, valued at approximately $209,000.

Other large investors have also bought and sold shares of the company. Yiheng Capital LLC lifted its position in shares of Noah by 31.6% in the 4th quarter. Yiheng Capital LLC now owns 2,558,547 shares of the asset manager’s stock worth $110,836,000 after purchasing an additional 614,035 shares during the period. Tiger Pacific Capital LP lifted its position in shares of Noah by 11.9% in the 4th quarter. Tiger Pacific Capital LP now owns 1,513,204 shares of the asset manager’s stock worth $65,552,000 after purchasing an additional 161,232 shares during the period. BlackRock Inc. lifted its position in shares of Noah by 7.4% in the 4th 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. APG Asset Management N.V. lifted its position in shares of Noah by 16.8% in the 4th quarter. APG Asset Management N.V. now owns 722,512 shares of the asset manager’s stock worth $27,380,000 after purchasing an additional 103,800 shares during the period. Finally, Standard Life Aberdeen plc lifted its position in shares of Noah by 8.5% in the 4th quarter. Standard Life Aberdeen plc now owns 452,090 shares of the asset manager’s stock worth $19,425,000 after purchasing an additional 35,407 shares during the period. Institutional investors and hedge funds own 52.01% of the company’s stock.

Noah stock opened at $54.43 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.77 and a current ratio of 3.21. Noah Holdings Limited has a 12-month low of $34.20 and a 12-month high of $69.56. The firm has a market cap of $3.12 billion, a P/E ratio of 28.06 and a beta of 1.65.

Noah (NYSE:NOAH) last released its earnings results on Tuesday, March 12th. The asset manager reported $0.37 earnings per share (EPS) for the quarter. Noah had a net margin of 24.75% and a return on equity of 15.00%. The company had revenue of $119.57 million for the quarter. On average, equities research analysts expect that Noah Holdings Limited will post 2.84 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Noah from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Noah from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. Citigroup downgraded shares of Noah from a “buy” rating to a “neutral” rating and set a $54.17 price target on the stock. in a research report on Wednesday, April 17th. Deutsche Bank downgraded shares of Noah from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. downgraded shares of Noah from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $52.00 in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Noah presently has an average rating of “Hold” and an average price target of $51.72.

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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.

Further Reading: Green Investing

Want to see what other hedge funds are holding NOAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noah Holdings Limited (NYSE:NOAH).

Institutional Ownership by Quarter for Noah (NYSE:NOAH)

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