Noah’s (NOAH) Neutral Rating Reiterated at JPMorgan Chase & Co.

Noah (NYSE:NOAH)‘s stock had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $12.00 target price on the asset manager’s stock, up from their prior target price of $10.50. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 10.14% from the stock’s previous close.

A number of other analysts have also recently issued reports on NOAH. Morgan Stanley cut shares of Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 target price for the company. in a research note on Friday, November 29th. StockNews.com downgraded shares of Noah from a “buy” rating to a “hold” rating in a report on Sunday.

Noah Price Performance

NOAH opened at $10.90 on Wednesday. The company has a market capitalization of $718.79 million, a PE ratio of 9.31 and a beta of 0.78. Noah has a fifty-two week low of $7.14 and a fifty-two week high of $15.44. The business has a 50-day moving average of $11.06 and a 200-day moving average of $11.15.

Institutional Trading of Noah

A number of institutional investors and hedge funds have recently modified their holdings of NOAH. Tower Research Capital LLC TRC grew its stake in Noah by 1,188.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,371 shares of the asset manager’s stock valued at $28,000 after buying an additional 2,187 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in shares of Noah in the fourth quarter valued at about $39,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Noah in the fourth quarter valued at about $52,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Noah in the third quarter worth about $65,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Noah during the 4th quarter worth about $72,000. 42.67% of the stock is currently owned by institutional investors and hedge funds.

About Noah

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.