Swedbank AB Has $57.95 Million Stock Holdings in Qfin Holdings Inc. - Sponsored ADR $QFIN

Key Points

• Swedbank AB has increased its holdings in Qfin Holdings Inc. by 2.6%, owning approximately 0.85% of the company valued at $57.9 million.
• Qfin recently declared a semi-annual dividend of $0.76 per share, reflecting an increase from the previous dividend and representing a 541.0% yield.
• Despite revenue for the last quarter being significantly below expectations at $728 million, Qfin Holdings has an average analyst rating of "Buy" with a target price of $51.73.

Swedbank AB raised its stake in shares of Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,336,400 shares of the company's stock after purchasing an additional 34,500 shares during the quarter. Swedbank AB owned 0.85% of Qfin worth $57,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in QFIN. SVB Wealth LLC acquired a new stake in Qfin during the first quarter valued at approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Qfin during the first quarter valued at approximately $29,000. State of Wyoming acquired a new position in shares of Qfin in the 4th quarter worth approximately $97,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Qfin in the 1st quarter worth approximately $108,000. Finally, Headlands Technologies LLC acquired a new position in shares of Qfin in the 1st quarter worth approximately $151,000. 74.81% of the stock is owned by institutional investors and hedge funds.

Qfin Trading Up 1.3%

NASDAQ:QFIN traded up $0.38 during trading hours on Monday, hitting $30.71. 2,228,023 shares of the stock were exchanged, compared to its average volume of 1,580,281. The company's 50 day moving average is $32.69 and its two-hundred day moving average is $38.84. Qfin Holdings Inc. - Sponsored ADR has a twelve month low of $25.65 and a twelve month high of $48.94. 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 company has a market capitalization of $4.84 billion, a P/E ratio of 4.34, a price-to-earnings-growth ratio of 0.31 and a beta of 0.45.

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

Qfin Increases Dividend

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

Analyst Upgrades and Downgrades

QFIN has been the topic of several recent analyst reports. Wall Street Zen downgraded Qfin from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. initiated coverage on Qfin in a report on Wednesday, July 2nd. They issued an "overweight" rating and a $65.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $51.73.

About Qfin

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.