Capital Fund Management S.A. Reduces Stock Position in Qfin Holdings Inc. - Sponsored ADR $QFIN

Key Points

• Capital Fund Management S.A. cut its position in Qfin Holdings Inc. by 90% during the first quarter, reducing its shares to 24,839 after selling 223,661 shares.
• Qfin Holdings announced a semi-annual dividend increase to $0.76 per share, up from $0.70, with a dividend yield of 440.0% and a payout ratio of 21.19%.
• Despite a missed earnings estimate of $1.79 per share, with reported earnings of $1.78, Qfin has a consensus rating of "Buy" and an average target price of $51.73 from analysts.

Capital Fund Management S.A. lowered its holdings in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 90.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,839 shares of the company's stock after selling 223,661 shares during the quarter. Capital Fund Management S.A.'s holdings in Qfin were worth $1,116,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Qfin by 6.1% during the first quarter. Bank of New York Mellon Corp now owns 125,955 shares of the company's stock valued at $5,657,000 after buying an additional 7,197 shares during the period. Citigroup Inc. increased its holdings in shares of Qfin by 3.2% in the 1st quarter. Citigroup Inc. now owns 277,647 shares of the company's stock valued at $12,469,000 after acquiring an additional 8,515 shares during the period. Yousif Capital Management LLC purchased a new position in shares of Qfin in the 1st quarter valued at $209,000. Oppenheimer & Co. Inc. purchased a new position in shares of Qfin in the 1st quarter valued at $208,000. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its stake in Qfin by 583.8% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 484,322 shares of the company's stock valued at $21,751,000 after purchasing an additional 413,493 shares during the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on QFIN shares. JPMorgan Chase & Co. started coverage on Qfin in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $65.00 target price on the stock. Wall Street Zen downgraded shares of Qfin from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $51.73.

Qfin Stock Down 2.4%

Shares of QFIN stock traded down $0.70 during trading hours on Thursday, reaching $29.01. 2,357,331 shares of the company's stock were exchanged, compared to its average volume of 2,193,433. Qfin Holdings Inc. - Sponsored ADR has a 1 year low of $24.30 and a 1 year high of $48.94. The stock has a market cap of $4.57 billion, a PE ratio of 4.10, a PEG ratio of 0.30 and a beta of 0.39. 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's fifty day moving average price is $37.61 and its two-hundred day moving average price is $40.39.

Qfin (NASDAQ:QFIN - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). The company had revenue of $728.00 million for 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%. Research analysts predict that Qfin Holdings Inc. - Sponsored ADR will post 5.71 EPS for the current year.

Qfin Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 8th will be issued a dividend of $0.76 per share. This represents a dividend yield of 440.0%. This is a boost from Qfin's previous semi-annual dividend of $0.70. The ex-dividend date of this dividend is Monday, September 8th. Qfin's dividend payout ratio is presently 19.49%.

Qfin Company 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.