Public Employees Retirement System of Ohio Trims Stock Holdings in Qfin Holdings Inc. - Sponsored ADR $QFIN

Key Points

• The Public Employees Retirement System of Ohio decreased its holdings in Qfin Holdings Inc. by 4.3% in Q2, owning 382,175 shares valued at approximately $16.57 million at the end of the reporting period.
• Qfin recently declared a semi-annual dividend of $0.76, reflecting an increase from its previous dividend of $0.70, with a yield of 541.0%.
• The company reported earnings per share (EPS) of $1.78, which missed the consensus estimate of $1.79, and had a return on equity of 30.74% for the quarter.

Public Employees Retirement System of Ohio lowered its holdings in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 4.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 382,175 shares of the company's stock after selling 17,319 shares during the period. Public Employees Retirement System of Ohio owned about 0.24% of Qfin worth $16,571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new position in Qfin in the first quarter valued at about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Qfin in the first quarter valued at about $29,000. Hoey Investments Inc. purchased a new position in Qfin in the second quarter valued at about $33,000. Caitong International Asset Management Co. Ltd bought a new position in Qfin during the 1st quarter worth approximately $108,000. Finally, Headlands Technologies LLC bought a new position in Qfin during the 1st quarter worth approximately $151,000. Hedge funds and other institutional investors own 74.81% of the company's stock.

Qfin Trading Down 2.1%

Shares of NASDAQ QFIN opened at $30.52 on Friday. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 4.31, a price-to-earnings-growth ratio of 0.32 and a beta of 0.45. Qfin Holdings Inc. - Sponsored ADR has a 12-month low of $26.39 and a 12-month high of $48.94. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.20. The stock's 50 day simple moving average is $32.04 and its 200 day simple moving average is $38.68.

Qfin (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.01). The company had revenue of $728.00 million during the quarter, compared to the consensus estimate of $4.68 billion. Qfin had a return on equity of 30.74% and a net margin of 38.66%. Equities research analysts expect that Qfin Holdings Inc. - Sponsored ADR will post 5.71 EPS for the current year.

Qfin Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 8th will be issued a $0.76 dividend. This is a positive change from Qfin's previous semi-annual dividend of $0.70. The ex-dividend date of this dividend is Monday, September 8th. This represents a dividend yield of 541.0%. Qfin's dividend payout ratio (DPR) is 21.19%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on QFIN. JPMorgan Chase & Co. began coverage on Qfin in a report on Wednesday, July 2nd. They set an "overweight" rating and a $65.00 target price on the stock. Wall Street Zen downgraded Qfin from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $51.73.

Qfin 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.

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