Mackenzie Financial Corp bought a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 236,339 shares of the company's stock, valued at approximately $1,371,000. Mackenzie Financial Corp owned 0.14% of LexinFintech as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also made changes to their positions in the stock. Ameriprise Financial Inc. acquired a new position in shares of LexinFintech in the 4th quarter valued at $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in LexinFintech in the fourth quarter valued at about $70,000. Tower Research Capital LLC TRC raised its position in LexinFintech by 146.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock worth $71,000 after purchasing an additional 7,227 shares in the last quarter. Raymond James Financial Inc. bought a new position in LexinFintech during the fourth quarter worth about $157,000. Finally, NewEdge Advisors LLC bought a new position in LexinFintech during the fourth quarter worth about $166,000.
Wall Street Analyst Weigh In
Separately, UBS Group set a $13.60 price objective on shares of LexinFintech and gave the stock a "buy" rating in a report on Friday, March 21st.
Read Our Latest Analysis on LX
LexinFintech Price Performance
Shares of LX stock traded up $0.35 during trading hours on Wednesday, hitting $7.42. 2,368,223 shares of the company's stock were exchanged, compared to its average volume of 3,053,044. LexinFintech Holdings Ltd. has a 52 week low of $1.57 and a 52 week high of $11.64. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 11.78 and a beta of 0.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The stock's 50-day moving average is $7.91 and its 200-day moving average is $7.46.
LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 earnings per share for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The firm had revenue of $427.76 million during the quarter.
LexinFintech Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.11 per share. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date was Thursday, April 17th. This represents a yield of 1.2%. LexinFintech's dividend payout ratio is currently 16.04%.
About LexinFintech
(
Free Report)
LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.
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