Caxton Associates LP Acquires Shares of 34,909 Qifu Technology, Inc. (NASDAQ:QFIN)

Caxton Associates LP acquired a new stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 34,909 shares of the company's stock, valued at approximately $1,340,000.

Other large investors have also recently bought and sold shares of the company. GeoWealth Management LLC bought a new stake in shares of Qifu Technology during the 4th quarter worth about $26,000. Jones Financial Companies Lllp acquired a new position in Qifu Technology during the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB acquired a new position in Qifu Technology during the third quarter valued at approximately $30,000. Advisors Preferred LLC acquired a new stake in shares of Qifu Technology in the fourth quarter worth $41,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Qifu Technology by 80.2% during the 4th 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. 74.81% of the stock is currently owned by institutional investors.

Qifu Technology Stock Down 1.0 %

Shares of QFIN stock traded down $0.44 during trading hours on Friday, reaching $42.56. 802,414 shares of the company's stock were exchanged, compared to its average volume of 1,549,978. Qifu Technology, Inc. has a fifty-two week low of $18.13 and a fifty-two week high of $48.94. The stock has a market capitalization of $6.71 billion, a P/E ratio of 8.62, a P/E/G ratio of 0.32 and a beta of 0.53. The business has a fifty day moving average price of $41.21 and a 200-day moving average price of $38.94.

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

Qifu Technology Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, April 23rd will be given a $0.70 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 2.5%. This is an increase from Qifu Technology's previous semi-annual dividend of $0.60. Qifu Technology's dividend payout ratio (DPR) is currently 23.79%.

Analysts Set New Price Targets

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

Qifu Technology Profile

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.