Noah (ADR) (NOAH)
Serves global Chinese high-net-worth clients through wealth advisory, asset management, and insurance brands.
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Provides wealth advisory, investment-product distribution, asset management, and insurance services through domestic and overseas brands. Its network spans mainland China, Hong Kong, Singapore, Japan, and U.S. markets for global Chinese high-net-worth clients.
Domestic operations include Noah Upright for public securities, Gopher for asset management, and Glory for insurance. Overseas businesses include ARK Wealth Management, Olive Asset Management, and Glory Family Heritage, combining wealth, asset-management, insurance, and comprehensive services.
Services target global Chinese high-net-worth clients across mainland China, Hong Kong, Singapore, Japan, and U.S. markets. The platform pairs advisory and investment-product distribution with domestic and offshore asset-management capabilities.
Operations depend on relevant fund-distribution, securities-dealing, advisory, and asset-management licences across its markets. The company stopped offering single-counterparty non-standardized private-credit products after the 2019 Camsing incident.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Mar 26, 2026 | JP Morgan | Downgrade | Overweight | Neutral | ||
| Dec 22, 2025 | UBS | Reiterate | Neutral | $11.50 | $10 | |
| Apr 9, 2025 | JP Morgan | Upgrade | Neutral | Overweight | ||
| Oct 24, 2024 | UBS | Downgrade | Buy | Neutral |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $751.1M · Total debt $7.6M · Total assets $1.73B · Shareholders' equity $1.41B
- Revenue
- $92.3M
- Operating income
- $32.1M
- Net income
- $34.6M
Reported in CNY, converted at the latest exchange rate
Last cut to $1.309 from $2.125 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 9, 2026 | Jul 9 | Aug 6 | $1.309 | cut from $2.125 |
| Jul 3, 2025 | Jul 3 | Aug 1 | $1.1582 | special dividend |
| Jul 3, 2024 | Jul 3 | Aug 1 | $2.125 | raised from $0.3635 |
| Jun 26, 2023 | Jun 27 | Jul 21 | $0.3635 |
| Institutions89 holders · as of Mar 31, 2026 | 38.25% | 25.53M ADS | |
| Insiders6 holders · as of Jun 30, 2026 | 370.68% | 247.43M ADS | |
| Adds to | 408.93% |
66.75M ADS (1 ADS = 1 ordinary shares) as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
These groups come from separate filings that can overlap, so they add to 408.93%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Jingbo (Norah) WangInsiderdirector, 10 percent owner | 205.96% | 68.74M ordinary | Form 4filed Jun 30, 2026 ↗ |
Chia-Yue ChangInsiderdirector | 60.72% | 20.26M ordinary | Form 4filed Mar 16, 2026 ↗ |
Zhe YinInsiderdirector, officer: CHIEF EXECUTIVE OFFICER | 51.55% | 17.21M ordinary | Form 4filed Jun 30, 2026 ↗ |
Boquan HeInsiderdirector | 49.14% | 16.40M ordinary | Form 4filed Mar 16, 2026 ↗ |
Yiheng Capital Management, L.P.Institution | 10.06% | 6.72M ADS | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
No open-market trades in the last 12 months.
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ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Noah (ADR) | $8.34 | −0.12% | $556.7M | 1.3 | — | 1.4 | +3.9% |
| UBS (ADR) | $54.79 | −0.20% | $179.95B | 19.4 | 13.7 | 2.9 | −27.1% |
| Futu (ADR) | $117.50 | −0.47% | $16.48B | 11.7 | 10.9 | 5.0 | +35.7% |
| Median | 15.6 | 12.3 | 4.0 | +4.3% |