Noah (NYSE:NOAH) Sees Unusually-High Trading Volume

Noah Holdings Limited (NYSE:NOAH) shares saw unusually-strong trading volume on Friday . Approximately 98,329 shares changed hands during trading, a decline of 45% from the previous session’s volume of 178,811 shares.The stock last traded at $8.15 and had previously closed at $7.85.

Analysts Set New Price Targets

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

Noah Trading Up 4.6 %

The firm has a market capitalization of $543.01 million, a PE ratio of 4.58 and a beta of 0.76. The business has a fifty day moving average price of $11.97 and a two-hundred day moving average price of $12.00.

Noah (NYSE:NOAH) last released its quarterly earnings results on Wednesday, May 29th. The asset manager reported $0.32 earnings per share for the quarter. The business had revenue of $89.96 million during the quarter. Noah had a return on equity of 9.08% and a net margin of 31.26%. On average, equities analysts forecast that Noah Holdings Limited will post 1.37 earnings per share for the current fiscal year.

Noah Announces Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 3rd will be issued a dividend of $2.1249 per share. This represents a yield of 10.4%. The ex-dividend date of this dividend is Wednesday, July 3rd. Noah’s dividend payout ratio (DPR) is 58.10%.

Hedge Funds Weigh In On Noah

A number of hedge funds and other institutional investors have recently bought and sold shares of NOAH. Public Employees Retirement Association of Colorado purchased a new position in shares of Noah in the 1st quarter valued at about $40,000. Quadrature Capital Ltd boosted its stake in shares of Noah by 84.1% in the 1st quarter. Quadrature Capital Ltd now owns 36,410 shares of the asset manager’s stock valued at $415,000 after buying an additional 16,631 shares during the period. Headlands Technologies LLC purchased a new position in shares of Noah in the 1st quarter valued at about $30,000. Dodge & Cox boosted its stake in shares of Noah by 15.0% in the 4th quarter. Dodge & Cox now owns 26,840 shares of the asset manager’s stock valued at $371,000 after buying an additional 3,500 shares during the period. Finally, Trexquant Investment LP boosted its stake in shares of Noah by 68.8% in the 4th quarter. Trexquant Investment LP now owns 28,935 shares of the asset manager’s stock valued at $400,000 after buying an additional 11,797 shares during the period. 42.67% of the stock is currently owned by hedge funds and other institutional investors.

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.