Man Group plc Makes New Investment in LexinFintech Holdings Ltd. (NASDAQ:LX)

Man Group plc purchased a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 94,586 shares of the company's stock, valued at approximately $549,000. Man Group plc owned about 0.06% of LexinFintech as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LX. BRIGHT VALLEY CAPITAL Ltd bought a new position in shares of LexinFintech in the fourth quarter worth $23,142,000. Arrowstreet Capital Limited Partnership increased its stake in shares of LexinFintech by 237.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock valued at $21,478,000 after buying an additional 2,606,969 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of LexinFintech by 21.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company's stock valued at $10,409,000 after acquiring an additional 315,243 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in LexinFintech by 35.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company's stock worth $8,703,000 after buying an additional 392,870 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in LexinFintech during the 4th quarter valued at approximately $7,687,000.

Wall Street Analyst Weigh In

Separately, UBS Group set a $13.60 target price on shares of LexinFintech and gave the company a "buy" rating in a report on Friday, March 21st.

LexinFintech Trading Up 0.5%

LX traded up $0.04 during trading on Friday, hitting $7.31. The company's stock had a trading volume of 706,822 shares, compared to its average volume of 3,021,533. The firm has a market capitalization of $1.23 billion, a P/E ratio of 11.60 and a beta of 0.46. LexinFintech Holdings Ltd. has a twelve month low of $1.57 and a twelve month high of $11.64. The stock's fifty day moving average price is $8.22 and its 200-day moving average price is $7.35. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The business 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. Stockholders 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 dividend yield of 1.2%. LexinFintech's payout ratio is currently 16.04%.

LexinFintech Company Profile

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.