Aberdeen Group plc boosted its holdings in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 4.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 231,122 shares of the company's stock after buying an additional 10,710 shares during the period. Aberdeen Group plc owned 0.15% of Qfin worth $9,890,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of QFIN. SVB Wealth LLC purchased a new stake in Qfin in the 1st quarter worth $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Qfin in the 1st quarter worth $29,000. Hoey Investments Inc. purchased a new stake in Qfin in the 2nd quarter worth $33,000. Caitong International Asset Management Co. Ltd purchased a new stake in Qfin in the 1st quarter worth $108,000. Finally, Headlands Technologies LLC purchased a new stake in Qfin in the 1st quarter worth $151,000. Hedge funds and other institutional investors own 74.81% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on QFIN. Weiss Ratings restated a "buy (b-)" rating on shares of Qfin in a research report on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on Qfin in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $65.00 price objective for the company. Finally, Wall Street Zen lowered Qfin from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $51.73.
Get Our Latest Report on Qfin
Qfin Trading Down 1.3%
QFIN opened at $26.18 on Thursday. The firm has a market cap of $3.72 billion, a P/E ratio of 3.70, a P/E/G ratio of 0.28 and a beta of 0.42. Qfin Holdings Inc. - Sponsored ADR has a 12 month low of $26.10 and a 12 month high of $48.94. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $29.88 and a 200 day moving average of $37.13.
Qfin (NASDAQ:QFIN - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). The company had revenue of $728.00 million during the quarter, compared to analysts' expectations of $4.68 billion. Qfin had a return on equity of 30.74% and a net margin of 38.66%. As a group, research analysts forecast that Qfin Holdings Inc. - Sponsored ADR will post 5.71 EPS for the current year.
Qfin Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 8th were given a $0.76 dividend. This is an increase from Qfin's previous semi-annual dividend of $0.70. This represents a yield of 541.0%. The ex-dividend date was Monday, September 8th. Qfin's dividend payout ratio (DPR) is 21.19%.
About Qfin
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding QFIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report).
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