Noah (NYSE:NOAH) Stock Rating Upgraded by StockNews.com

Noah (NYSE:NOAH) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

NOAH has been the topic of a number of other research reports. UBS Group lowered shares of Noah from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research note on Thursday, October 24th. Morgan Stanley lowered shares of Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price target on the stock. in a research note on Friday, November 29th.

Noah Stock Performance

Shares of NOAH opened at $10.94 on Thursday. Noah has a twelve month low of $7.14 and a twelve month high of $15.44. The firm’s 50 day moving average price is $11.65 and its two-hundred day moving average price is $10.37. The firm has a market cap of $721.38 million, a P/E ratio of 9.35 and a beta of 0.79.

Institutional Trading of Noah

Institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its position in shares of Noah by 10.4% in the third quarter. Franklin Resources Inc. now owns 1,786,627 shares of the asset manager’s stock worth $24,441,000 after purchasing an additional 167,685 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Noah by 50.5% in the second quarter. Dimensional Fund Advisors LP now owns 255,606 shares of the asset manager’s stock worth $2,472,000 after purchasing an additional 85,771 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Noah in the third quarter worth $566,000. AQR Capital Management LLC bought a new stake in shares of Noah in the second quarter worth $615,000. Finally, FMR LLC acquired a new position in Noah during the third quarter worth $8,895,000. Institutional investors own 42.67% of the company’s stock.

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.