Noah Holdings Limited is an investment holding company focused on asset management, operating through three segments: Asset Management, which provides a range of investment products and customized financial services; and Other Businesses, which includes credit services. The company serves both domestic and international markets.
Noah Holdings (NYSE:NOAH) was downgraded by UBS Group from "buy" to "neutral," with a target price of $13.00, suggesting a potential upside of 2.44%. The asset manager reported $0.21 EPS for the last quarter and initiated a $50 million stock buyback program, indicating confidence in its valuation. Hedge funds have increased their stakes, with 42.67% of shares now held by institutional investors.
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