Noah Holdings Limited (NYSE:NOAH) Stake Boosted by Quadrature Capital Ltd

Quadrature Capital Ltd boosted its holdings in Noah Holdings Limited (NYSE:NOAH) by 91.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,779 shares of the asset manager’s stock after purchasing an additional 9,429 shares during the quarter. Quadrature Capital Ltd’s holdings in Noah were worth $273,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its position in shares of Noah by 260.8% during the 3rd quarter. Acadian Asset Management LLC now owns 13,853 shares of the asset manager’s stock valued at $169,000 after buying an additional 10,014 shares during the last quarter. Caxton Associates LP bought a new position in shares of Noah during the third quarter valued at approximately $129,000. Russell Investments Group Ltd. raised its position in shares of Noah by 34.5% during the 4th quarter. Russell Investments Group Ltd. now owns 31,011 shares of the asset manager’s stock worth $428,000 after purchasing an additional 7,961 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Noah by 92.2% in the 4th quarter. Quadrant Capital Group LLC now owns 12,756 shares of the asset manager’s stock worth $176,000 after purchasing an additional 6,120 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in Noah by 68.8% during the 4th quarter. Trexquant Investment LP now owns 28,935 shares of the asset manager’s stock valued at $400,000 after purchasing an additional 11,797 shares during the period. Institutional investors own 42.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NOAH shares. JPMorgan Chase & Co. lowered Noah from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $13.00 in a research report on Thursday, May 30th. StockNews.com cut shares of Noah from a “buy” rating to a “hold” rating in a report on Friday, May 31st.

Noah Price Performance

NOAH opened at $10.38 on Thursday. Noah Holdings Limited has a 12 month low of $9.90 and a 12 month high of $15.83. The stock’s 50 day moving average price is $12.33 and its 200 day moving average price is $12.19. The stock has a market cap of $686.53 million, a P/E ratio of 5.80 and a beta of 0.80.

Noah (NYSE:NOAH) last issued its quarterly earnings data on Wednesday, May 29th. The asset manager reported $0.32 earnings per share for the quarter. The business had revenue of $89.96 million for the quarter. Noah had a net margin of 31.26% and a return on equity of 9.08%. Equities analysts anticipate that Noah Holdings Limited will post 2.43 EPS for the current year.

Noah Announces Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 3rd will be paid a $2.1249 dividend. This represents a dividend yield of 10.4%. The ex-dividend date is Wednesday, July 3rd. Noah’s dividend payout ratio is currently 20.11%.

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.