Wells Fargo & Company MN Sells 2,638 Shares of Noah Holdings Limited (NOAH)

Wells Fargo & Company MN reduced its position in shares of Noah Holdings Limited (NYSE:NOAH) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 177,203 shares of the asset manager’s stock after selling 2,638 shares during the quarter. Wells Fargo & Company MN’s holdings in Noah were worth $8,201,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Hosking Partners LLP boosted its position in Noah by 7.6% during the fourth quarter. Hosking Partners LLP now owns 214,227 shares of the asset manager’s stock valued at $9,914,000 after purchasing an additional 15,139 shares during the last quarter. Granite Point Capital Management L.P. acquired a new position in Noah during the fourth quarter valued at approximately $278,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in Noah during the fourth quarter valued at approximately $231,000. Prescott Group Capital Management L.L.C. boosted its position in Noah by 22.2% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 44,000 shares of the asset manager’s stock valued at $2,036,000 after purchasing an additional 8,000 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Noah by 14.9% during the fourth quarter. California Public Employees Retirement System now owns 43,531 shares of the asset manager’s stock valued at $2,015,000 after purchasing an additional 5,653 shares during the last quarter. 46.87% of the stock is owned by institutional investors.

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NOAH stock opened at $47.32 on Friday. Noah Holdings Limited has a 52-week low of $24.63 and a 52-week high of $55.50. The company has a market capitalization of $2,792.29, a P/E ratio of 24.27 and a beta of 2.52.

Noah (NYSE:NOAH) last issued its quarterly earnings results on Tuesday, March 6th. The asset manager reported $0.42 EPS for the quarter. The firm had revenue of $110.99 million during the quarter. Noah had a return on equity of 18.44% and a net margin of 30.77%. equities research analysts anticipate that Noah Holdings Limited will post 2.13 EPS for the current fiscal year.

Separately, Zacks Investment Research cut Noah from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th.

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Noah Profile

Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.

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Institutional Ownership by Quarter for Noah (NYSE:NOAH)

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