227,614 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Bought by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. purchased a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 227,614 shares of the company's stock, valued at approximately $8,736,000. GF Fund Management CO. LTD. owned about 0.14% of Qifu Technology at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Asset Management One Co. Ltd. lifted its stake in shares of Qifu Technology by 66.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,873 shares of the company's stock valued at $1,255,000 after purchasing an additional 13,170 shares during the period. Raymond James Financial Inc. bought a new position in Qifu Technology during the fourth quarter worth about $298,000. KBC Group NV grew its holdings in Qifu Technology by 279.6% during the fourth quarter. KBC Group NV now owns 35,381 shares of the company's stock worth $1,358,000 after purchasing an additional 26,061 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Qifu Technology by 4,272.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,302 shares of the company's stock worth $280,000 after acquiring an additional 7,135 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Qifu Technology by 30.8% during the fourth quarter. New York State Common Retirement Fund now owns 396,570 shares of the company's stock worth $15,220,000 after acquiring an additional 93,409 shares during the period. 74.81% of the stock is currently owned by institutional investors.

Qifu Technology Price Performance

QFIN traded down $0.12 during trading on Thursday, hitting $42.55. 357,166 shares of the stock traded hands, compared to its average volume of 1,572,494. Qifu Technology, Inc. has a twelve month low of $18.13 and a twelve month high of $48.94. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.32 and a beta of 0.53. The business has a 50 day moving average price of $41.37 and a 200 day moving average price of $39.83.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.02. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. The firm had revenue of $646.19 million for the quarter, compared to analyst estimates of $4.61 billion. On average, equities research analysts predict that Qifu Technology, Inc. will post 5.71 earnings per share for the current year.

Qifu Technology Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, April 23rd will be issued a $0.70 dividend. The ex-dividend date is Wednesday, April 23rd. This is an increase from Qifu Technology's previous semi-annual dividend of $0.60. This represents a yield of 2.5%. Qifu Technology's dividend payout ratio (DPR) is 21.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on QFIN shares. Wall Street Zen upgraded Qifu Technology from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Bank of America boosted their price objective on shares of Qifu Technology from $50.66 to $52.70 and gave the company a "buy" rating in a research report on Wednesday, March 26th.

Qifu Technology 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.