Jiayin Group Inc. Sponsored ADR $JFIN Stock Holdings Cut by Boston Partners

Key Points

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Boston Partners decreased its holdings in Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Free Report) by 43.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,937 shares of the company's stock after selling 29,425 shares during the quarter. Boston Partners owned approximately 0.07% of Jiayin Group worth $521,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of JFIN. LPL Financial LLC acquired a new position in shares of Jiayin Group in the fourth quarter worth about $174,000. Renaissance Technologies LLC increased its holdings in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company's stock valued at $123,000 after buying an additional 1,799 shares during the last quarter. XTX Topco Ltd bought a new stake in Jiayin Group in the fourth quarter valued at about $109,000. Invesco Ltd. bought a new stake in Jiayin Group in the first quarter valued at about $168,000. Finally, Virtu Financial LLC bought a new stake in Jiayin Group in the first quarter valued at about $180,000. Institutional investors and hedge funds own 44.08% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Jiayin Group from a "hold" rating to a "strong-buy" rating in a report on Friday, June 6th.

Jiayin Group Stock Up 6.1%

Shares of NASDAQ:JFIN traded up $0.81 during trading on Friday, hitting $14.09. 110,805 shares of the company traded hands, compared to its average volume of 118,207. The stock has a market capitalization of $751.98 million, a price-to-earnings ratio of 3.35 and a beta of 1.02. The business's fifty day moving average is $15.42 and its 200-day moving average is $13.16. Jiayin Group Inc. Sponsored ADR has a one year low of $5.00 and a one year high of $19.23.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $1.36 earnings per share (EPS) for the quarter. Jiayin Group had a return on equity of 47.37% and a net margin of 24.60%.The business had revenue of $263.30 million during the quarter.

Jiayin Group Increases Dividend

The firm also recently disclosed a -- dividend, which was paid on Thursday, July 24th. Investors of record on Monday, July 14th were issued a $0.80 dividend. This is a positive change from Jiayin Group's previous -- dividend of $0.50. The ex-dividend date of this dividend was Monday, July 14th. This represents a yield of 480.0%. Jiayin Group's dividend payout ratio is currently 30.48%.

About Jiayin Group

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.