Jane Street Group LLC Has $605,000 Position in FinVolution Group (NYSE:FINV)

Jane Street Group LLC trimmed its position in shares of FinVolution Group (NYSE:FINV - Free Report) by 51.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,162 shares of the company's stock after selling 96,258 shares during the period. Jane Street Group LLC's holdings in FinVolution Group were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FinVolution Group during the fourth quarter worth $28,000. Aigen Investment Management LP purchased a new stake in shares of FinVolution Group in the fourth quarter worth $75,000. NewEdge Advisors LLC raised its position in shares of FinVolution Group by 381.1% in the fourth quarter. NewEdge Advisors LLC now owns 12,624 shares of the company's stock worth $86,000 after buying an additional 10,000 shares in the last quarter. SYM FINANCIAL Corp raised its position in shares of FinVolution Group by 14.4% in the fourth quarter. SYM FINANCIAL Corp now owns 13,543 shares of the company's stock worth $92,000 after buying an additional 1,706 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of FinVolution Group in the fourth quarter worth $96,000. Hedge funds and other institutional investors own 31.15% of the company's stock.

Analysts Set New Price Targets

FINV has been the topic of a number of recent analyst reports. Citigroup upgraded FinVolution Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $6.00 to $11.00 in a research report on Tuesday, March 18th. UBS Group upgraded FinVolution Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $11.80 to $12.10 in a research report on Friday, May 23rd.

FinVolution Group Stock Performance

FINV traded down $0.36 during trading on Friday, reaching $8.37. The stock had a trading volume of 832,837 shares, compared to its average volume of 824,982. The stock has a market cap of $2.12 billion, a PE ratio of 7.21 and a beta of 0.30. FinVolution Group has a one year low of $4.63 and a one year high of $11.08. The business has a 50-day moving average of $8.39 and a 200-day moving average of $7.85.

FinVolution Group (NYSE:FINV - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.41 EPS for the quarter. The business had revenue of $479.70 million for 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 of Directors has initiated a share buyback plan on Monday, March 17th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

FinVolution Group Increases Dividend

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

FinVolution Group 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.