Barclays PLC Purchases 38,593 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Barclays PLC raised its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 36.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,326 shares of the company's stock after acquiring an additional 38,593 shares during the period. Barclays PLC owned approximately 0.09% of Qifu Technology worth $5,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in QFIN. Jones Financial Companies Lllp purchased a new stake in Qifu Technology in the 4th quarter worth about $29,000. Wilmington Savings Fund Society FSB bought a new position in shares of Qifu Technology during the third quarter valued at approximately $30,000. Advisors Preferred LLC purchased a new stake in shares of Qifu Technology in the fourth quarter worth approximately $41,000. Global Retirement Partners LLC raised its holdings in shares of Qifu Technology by 80.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock worth $45,000 after buying an additional 518 shares during the period. Finally, BOCHK Asset Management Ltd bought a new stake in shares of Qifu Technology during the 4th quarter worth approximately $46,000. Institutional investors own 74.81% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Bank of America increased their target price on Qifu Technology from $50.66 to $52.70 and gave the stock a "buy" rating in a research note on Wednesday, March 26th.

Qifu Technology Price Performance

Shares of NASDAQ:QFIN traded up $0.83 during trading on Thursday, reaching $41.86. 182,733 shares of the company were exchanged, compared to its average volume of 1,544,011. The firm has a market capitalization of $6.60 billion, a PE ratio of 8.47, a P/E/G ratio of 0.32 and a beta of 0.53. The business's fifty day simple moving average is $40.90 and its 200-day simple moving average is $38.43. Qifu Technology, Inc. has a 12-month low of $18.13 and a 12-month high of $48.94.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last issued its earnings results on Sunday, March 16th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.14. The business had revenue of $613.89 million during the quarter, compared to analysts' expectations of $581.67 million. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. On average, sell-side analysts anticipate that Qifu Technology, Inc. will post 5.71 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, April 23rd will be issued a $0.70 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 2.5%. This is a positive change from Qifu Technology's previous semi-annual dividend of $0.60. Qifu Technology's payout ratio is currently 23.79%.

About Qifu Technology

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.