Mirae Asset Global Investments Co. Ltd. lessened its position in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 99.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,203 shares of the company's stock after selling 2,024,103 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Qfin were worth $789,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. SVB Wealth LLC bought a new stake in shares of Qfin during the 1st quarter valued at about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Qfin during the 1st quarter valued at about $29,000. Hoey Investments Inc. bought a new stake in shares of Qfin during the 2nd quarter valued at about $33,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Qfin during the 1st quarter valued at about $108,000. Finally, Headlands Technologies LLC bought a new stake in shares of Qfin during the 1st quarter valued at about $151,000. Institutional investors own 74.81% of the company's stock.
Qfin Stock Down 3.2%
QFIN opened at $27.00 on Friday. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $30.28 and a 200-day moving average price of $37.54. Qfin Holdings Inc. - Sponsored ADR has a twelve month low of $26.77 and a twelve month high of $48.94. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 3.81, a PEG ratio of 0.29 and a beta of 0.42.
Qfin (NASDAQ:QFIN - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $1.78 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). Qfin had a net margin of 38.66% and a return on equity of 30.74%. The business had revenue of $728.00 million for the quarter, compared to analysts' expectations of $4.68 billion. Equities research analysts forecast that Qfin Holdings Inc. - Sponsored ADR will post 5.71 earnings per share for the current year.
Qfin Increases Dividend
The business also recently announced a semi-annual dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 8th were given a dividend of $0.76 per share. This is a positive change from Qfin's previous semi-annual dividend of $0.70. This represents a dividend yield of 541.0%. The ex-dividend date was Monday, September 8th. Qfin's dividend payout ratio (DPR) is currently 21.19%.
Analyst Ratings Changes
QFIN has been the topic of a number of research reports. JPMorgan Chase & Co. assumed coverage on shares of Qfin in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $65.00 target price on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Qfin in a research note on Wednesday. Finally, Wall Street Zen lowered shares of Qfin from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Qfin presently has an average rating of "Buy" and an average target price of $51.73.
Get Our Latest Stock Analysis on QFIN
About Qfin
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding QFIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Qfin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Qfin wasn't on the list.
While Qfin currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
