Financial Partners Group Inc Buys Shares of 38,645 SoFi Technologies, Inc. $SOFI

Key Points

• Financial Partners Group bought 38,645 shares (~$1.02M) of SoFi in Q3, and other large institutions — including Norges Bank, Quadrature, Marshall Wace and ARK — also added sizable positions, leaving institutional investors with 38.43% ownership.
• Insiders sold 167,813 shares (~$4.4M) in the last quarter, including Arun Pinto (46,132 shares) and EVP Kelli Keough (9,468 shares), and insiders now hold 2.60% of the company.
• SoFi beat Q3 estimates (EPS $0.11 vs. $0.09; revenue $949.6M vs. $880.3M) and set FY2025 EPS guidance of 0.37, but analysts' consensus is a "Hold" with an average target of $25.69 while the stock trades near $27 and has a P/E of 50.13.

Financial Partners Group Inc bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 38,645 shares of the company's stock, valued at approximately $1,021,000.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in SoFi Technologies during the second quarter valued at approximately $164,068,000. Quadrature Capital Ltd bought a new position in shares of SoFi Technologies in the 2nd quarter valued at $115,188,000. Marshall Wace LLP raised its holdings in shares of SoFi Technologies by 88.2% during the 2nd quarter. Marshall Wace LLP now owns 7,997,146 shares of the company's stock worth $145,628,000 after buying an additional 3,748,817 shares in the last quarter. Mizuho Markets Cayman LP bought a new stake in shares of SoFi Technologies during the 2nd quarter worth $45,525,000. Finally, ARK Investment Management LLC boosted its stake in SoFi Technologies by 118.5% in the second quarter. ARK Investment Management LLC now owns 4,424,155 shares of the company's stock valued at $80,564,000 after buying an additional 2,399,746 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Insider Buying and Selling at SoFi Technologies

In other news, insider Arun Pinto sold 46,132 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $24.76, for a total value of $1,142,228.32. Following the completion of the sale, the insider owned 138,396 shares of the company's stock, valued at approximately $3,426,684.96. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kelli Keough sold 9,468 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $27.14, for a total value of $256,961.52. Following the completion of the transaction, the executive vice president directly owned 312,948 shares in the company, valued at approximately $8,493,408.72. This represents a 2.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 167,813 shares of company stock worth $4,403,334. Insiders own 2.60% of the company's stock.

Analyst Ratings Changes

SOFI has been the subject of several research analyst reports. Citigroup boosted their target price on SoFi Technologies from $28.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods upped their price objective on shares of SoFi Technologies from $18.00 to $20.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 29th. UBS Group raised their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the company a "neutral" rating in a research report on Thursday, October 30th. Morgan Stanley upped their price target on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an "underweight" rating in a report on Monday, September 29th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $35.00 price objective on shares of SoFi Technologies in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and an average target price of $25.69.

SoFi Technologies Trading Down 1.5%

Shares of NASDAQ SOFI opened at $27.07 on Monday. The firm has a 50 day moving average price of $28.19 and a two-hundred day moving average price of $24.83. The stock has a market cap of $32.64 billion, a P/E ratio of 50.13 and a beta of 1.93. SoFi Technologies, Inc. has a 52-week low of $8.60 and a 52-week high of $32.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $949.63 million for the quarter, compared to analysts' expectations of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. SoFi Technologies's revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

SoFi Technologies Profile

SoFi Technologies, Inc NASDAQ: SOFI is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company's core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.

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