FinVolution Group (NYSE:FINV) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of FinVolution Group (NYSE:FINV - Free Report) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 463,988 shares of the company's stock after selling 31,800 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of FinVolution Group worth $3,150,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in FinVolution Group during the 4th quarter valued at $28,000. Aigen Investment Management LP purchased a new stake in shares of FinVolution Group during the 4th quarter worth $75,000. NewEdge Advisors LLC lifted its stake in shares of FinVolution Group by 381.1% during the 4th quarter. NewEdge Advisors LLC now owns 12,624 shares of the company's stock worth $86,000 after purchasing an additional 10,000 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in FinVolution Group during the fourth quarter valued at about $90,000. Finally, SVB Wealth LLC purchased a new position in FinVolution Group in the fourth quarter valued at about $96,000. Hedge funds and other institutional investors own 31.15% of the company's stock.

FinVolution Group Trading Up 1.7%

Shares of FINV traded up $0.15 during midday trading on Monday, hitting $8.73. 409,615 shares of the company's stock traded hands, compared to its average volume of 820,219. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 7.53 and a beta of 0.37. FinVolution Group has a 1 year low of $4.63 and a 1 year high of $11.08. The firm's fifty day moving average is $8.25 and its 200-day moving average is $7.93.

FinVolution Group (NYSE:FINV - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported $0.41 EPS for the quarter. The company had revenue of $479.70 million during the quarter. FinVolution Group had a return on equity of 16.66% and a net margin of 17.36%.

FinVolution Group declared that its board has initiated a share buyback program on Monday, March 17th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 6.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

FinVolution Group Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 16th were paid a $0.277 dividend. The ex-dividend date was Wednesday, April 16th. This is a boost from FinVolution Group's previous annual dividend of $0.24. This represents a yield of 2%. FinVolution Group's dividend payout ratio (DPR) is 15.33%.

Wall Street Analyst Weigh In

Several research firms have commented on FINV. Citigroup raised shares of FinVolution Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $6.00 to $11.00 in a research report on Tuesday, March 18th. UBS Group upgraded shares of FinVolution Group from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $11.80 to $12.10 in a research note on Friday, May 23rd.

FinVolution Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.