Zacks Industry Rank Analysis Highlights: Noah Holdings and Gamco Investors
CHICAGO, June 4, 2013
CHICAGO, June 4, 2013 /PRNewswire/ --Stocks featured in this week's Zacks
Industry Rank analysis include Noah Holdings Ltd (NYSE:NOAH) and Gamco
Zacks Industry Rank Analysis is written by John Blank, PhD, Chief Equity
Investing in Investing
With the world looking back to rebounding markets in search of earnings, those
in the business of providing investment insights are seeing a boost in
earnings of their own. Over the past several weeks, the Zacks Industry Ranking
of financial investment services has held its ground near the top of the list
and, this past week alone, moved up eight positions.
Financial Investment Management now enjoys a Zacks Industry Rank of #29.
Recently, this industry of 36 companies has benefited from 76 positive
revisions to annual earnings estimates, compared to 25 negative revisions.
With these positive estimate revisions averaging +24%, there are indications
of sector-wide movement. Downward earnings surprises have been seen as well,
but the recent performance of a few select companies is certainly worthy of a
One common thread between these two companies is their servicing of high-net
worth individuals and groups. Those with wealth are sensing new opportunities
and engaging experienced advisors to assist in taking advantage. Compounding
this are the new revenues seen with the implementation of successful
Both of the following companies have seen revisions this week in their Zacks
Rank. Upward movement in rank from a Buy to a Strong Buy signals that a stock
may be on the move higher following future positive earnings estimate
revisions. This understanding can assist in grasping not only the direction of
a particular company, but wider trends within a sector as well. Both of these
businesses have been revised upward to a current Zacks Rank #1 (Strong Buy)
and both hold a Zacks Recommendation of "Outperform."
If nothing else, these companies have demonstrated that managing investments
can pay off. What better reason to learn more about managing your own?
Noah Holdings Ltd (NYSE:NOAH)
NOAH is a Zacks Rank #1 (Strong Buy). It was raised within the last week from
Zacks Rank #2 (Buy) and reports earnings on August 7, 2013.
Noah Holdings Ltd., through its subsidiaries, is engaged in providing
independent services primarily comprising of distribution of wealth management
products to the high net worth population in China. It distributes
over-the-counter wealth management products, which mainly include fixed income
products, private equity funds and securities investment funds.
Playing strongly in favor of Noah Holdings Ltd. is an 86% increase in the
number of clients year-over-year, combined with a 63% increase in the value of
their wealth management products. With China's massive population and the
growing economic status of its people, this trend looks to continue.
NOAH pays a dividend of 1% and their most recent earnings surprise was +112%.
Gamco Investors (NYSE:GBL)
GBL is a Zacks Rank #1 (Strong Buy), climbing up from Zacks Rank #2 (Buy) just
last week. This company reports quarterly earnings on August 6, 2013.
GAMCO Investors, Inc., through its subsidiaries, manages assets in private
advisory accounts, mutual funds, closed-end funds, partnerships and offshore
funds. They service high net worth individuals, institutions and pension
plans. Gamco has seen particular strength with its institutional and private
wealth management business, rising 14% since March 2012.
GBL pays a dividend of 0.37% and their most recent earnings surprise was
+17.86% for Q1.
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