Qfin Holdings Inc. - Sponsored ADR $QFIN Shares Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its stake in Qfin Holdings by 7,090.2%, owning 16,106 shares valued at $723,000 after acquiring an additional 15,882 shares.
• Qfin Holdings announced a dividend increase to $0.76 per share, with a yield of 440.0%, reflecting a rise from the previous $0.70 dividend.
• The company reported earnings that missed analyst estimates with an EPS of $1.78 compared to the expected $1.79, alongside revenue significantly below projections at $728 million.

Quantbot Technologies LP boosted its holdings in shares of Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 7,090.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,106 shares of the company's stock after purchasing an additional 15,882 shares during the quarter. Quantbot Technologies LP's holdings in Qfin were worth $723,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of QFIN. Bank of New York Mellon Corp raised its holdings in shares of Qfin by 6.1% during the first quarter. Bank of New York Mellon Corp now owns 125,955 shares of the company's stock valued at $5,657,000 after acquiring an additional 7,197 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Qfin by 3.2% during the first quarter. Citigroup Inc. now owns 277,647 shares of the company's stock valued at $12,469,000 after acquiring an additional 8,515 shares during the last quarter. Yousif Capital Management LLC acquired a new position in shares of Qfin during the first quarter valued at approximately $209,000. Oppenheimer & Co. Inc. acquired a new position in shares of Qfin during the first quarter valued at approximately $208,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Qfin by 583.8% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 484,322 shares of the company's stock valued at $21,751,000 after acquiring an additional 413,493 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company's stock.

Qfin Trading Up 0.4%

QFIN stock traded up $0.12 during midday trading on Friday, hitting $29.13. 855,708 shares of the company's stock were exchanged, compared to its average volume of 1,747,256. The business has a 50-day simple moving average of $37.61 and a two-hundred day simple moving average of $40.39. 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 has a market capitalization of $4.59 billion, a PE ratio of 4.11, a P/E/G ratio of 0.30 and a beta of 0.39. Qfin Holdings Inc. - Sponsored ADR has a 1-year low of $24.30 and a 1-year high of $48.94.

Qfin (NASDAQ:QFIN - Get Free Report) last posted its 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 business had revenue of $728.00 million for the quarter, compared to analyst estimates of $4.68 billion. Qfin had a return on equity of 30.74% and a net margin of 38.66%. On average, sell-side analysts predict that Qfin Holdings Inc. - Sponsored ADR will post 5.71 EPS for the current fiscal year.

Qfin Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 8th will be paid a dividend of $0.76 per share. This represents a yield of 440.0%. 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. Qfin's payout ratio is 21.19%.

Analyst Upgrades and Downgrades

QFIN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Qfin in a report on Wednesday, July 2nd. They set an "overweight" rating and a $65.00 target price for the company. Wall Street Zen cut Qfin from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $51.73.

Qfin Company 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.