SG Americas Securities LLC decreased its position in shares of Noah Holdings Limited (NYSE:NOAH) by 18.9% in the third quarter, HoldingsChannel reports. The firm owned 15,135 shares of the asset manager’s stock after selling 3,525 shares during the quarter. SG Americas Securities LLC’s holdings in Noah were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the stock. JJJ Advisors Inc. lifted its holdings in Noah by 26.1% in the third quarter. JJJ Advisors Inc. now owns 1,303 shares of the asset manager’s stock valued at $48,000 after acquiring an additional 270 shares during the period. Marshall Wace LLP acquired a new position in Noah in the first quarter valued at approximately $49,000. FORA Capital LLC acquired a new position in Noah in the second quarter valued at approximately $60,000. Ensign Peak Advisors Inc lifted its holdings in Noah by 12.5% in the second quarter. Ensign Peak Advisors Inc now owns 2,700 shares of the asset manager’s stock valued at $127,000 after acquiring an additional 300 shares during the period. Finally, Systematic Alpha Investments LLC acquired a new position in Noah in the second quarter valued at approximately $161,000. 47.95% of the stock is owned by hedge funds and other institutional investors.
Shares of NOAH opened at $29.10 on Friday. Noah Holdings Limited has a one year low of $27.48 and a one year high of $52.77. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -19.93 and a beta of 1.34. The stock has a 50 day moving average price of $35.58 and a 200 day moving average price of $38.59.
NOAH has been the subject of a number of analyst reports. JPMorgan Chase & Co. downgraded Noah from an “overweight” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Wednesday, November 24th. DBS Vickers started coverage on Noah in a research report on Tuesday, October 12th. They issued a “buy” rating and a $56.25 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $54.41.
Noah Holdings Ltd. provides investment advisory and wealth management services. It operates business through the following segments: Wealth Management, Asset Management, and Lending & Other servicers. The Wealth Management segment offers a global wealth investment and asset allocation services to high net worth individuals and enterprise clients in China.
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