Noah (NYSE:NOAH) Releases Quarterly Earnings Results

Noah (NYSE:NOAHGet Free Report) posted its earnings results on Tuesday. The asset manager reported $0.47 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $74.64 million for the quarter. Noah had a return on equity of 10.16% and a net margin of 33.36%. During the same period in the previous year, the business earned $0.31 earnings per share.

Noah Stock Up 17.2 %

Shares of NYSE NOAH opened at $11.86 on Thursday. Noah has a twelve month low of $9.90 and a twelve month high of $17.77. The firm has a market cap of $778.13 million, a P/E ratio of 5.81 and a beta of 1.00. The company has a 50 day moving average of $11.41 and a 200 day moving average of $12.19.

Hedge Funds Weigh In On Noah

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in Noah by 29.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 14,728 shares of the asset manager’s stock worth $347,000 after purchasing an additional 3,349 shares during the period. JPMorgan Chase & Co. grew its position in Noah by 27.3% in the 1st quarter. JPMorgan Chase & Co. now owns 107,361 shares of the asset manager’s stock worth $2,526,000 after purchasing an additional 23,018 shares during the period. American Century Companies Inc. grew its position in Noah by 16.1% in the 1st quarter. American Century Companies Inc. now owns 23,429 shares of the asset manager’s stock worth $551,000 after purchasing an additional 3,254 shares during the period. BlackRock Inc. grew its position in Noah by 5.8% in the 1st quarter. BlackRock Inc. now owns 1,699,678 shares of the asset manager’s stock worth $39,994,000 after purchasing an additional 93,890 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in Noah by 109.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 118,200 shares of the asset manager’s stock worth $2,781,000 after purchasing an additional 61,900 shares during the period. 42.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Noah from a “strong-buy” rating to a “buy” rating in a report on Monday, March 18th.

Check Out Our Latest Analysis on NOAH

Noah Company Profile

(Get Free Report)

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 Businesses.

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Earnings History for Noah (NYSE:NOAH)

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