Deutsche Bank lowered shares of Noah (NYSE:NOAH) from a buy rating to a hold rating in a research note published on Wednesday, The Fly reports.

NOAH has been the subject of several other reports. Zacks Investment Research upgraded Noah from a sell rating to a hold rating in a research report on Tuesday, January 15th. ValuEngine upgraded Noah from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $50.50.

Shares of Noah stock opened at $46.39 on Wednesday. The company has a market capitalization of $2.66 billion, a P/E ratio of 23.91 and a beta of 1.68. Noah has a fifty-two week low of $34.20 and a fifty-two week high of $69.56. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 0.04.

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of Noah by 377.9% during the second quarter. Bank of America Corp DE now owns 15,565 shares of the asset manager’s stock worth $811,000 after buying an additional 12,308 shares during the period. Aperio Group LLC boosted its position in shares of Noah by 35.4% during the third quarter. Aperio Group LLC now owns 26,888 shares of the asset manager’s stock worth $1,133,000 after buying an additional 7,026 shares during the period. First Trust Advisors LP boosted its position in shares of Noah by 26.4% during the third quarter. First Trust Advisors LP now owns 58,665 shares of the asset manager’s stock worth $2,472,000 after buying an additional 12,271 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Noah by 63.6% during the third quarter. Russell Investments Group Ltd. now owns 60,055 shares of the asset manager’s stock worth $2,511,000 after buying an additional 23,351 shares during the period. Finally, Yorktown Management & Research Co Inc boosted its position in shares of Noah by 36.2% during the third quarter. Yorktown Management & Research Co Inc now owns 6,400 shares of the asset manager’s stock worth $270,000 after buying an additional 1,700 shares during the period. Institutional investors own 51.15% of the company’s stock.

About Noah

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.

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