American Century Companies Inc. Sells 98,327 Shares of Qfin Holdings Inc. - Sponsored ADR $QFIN

Key Points

• American Century Companies Inc. has reduced its holdings in Qfin Holdings by 17.8%, now owning approximately 0.29% of the company, valued at $20.45 million.
• Qfin has announced a semi-annual dividend of $0.76, representing a yield of 440.0%, an increase from its previous dividend of $0.70.
• Despite missing earnings expectations slightly with an EPS of $1.78, analysts still maintain a consensus price target of $51.73 for Qfin's stock.

American Century Companies Inc. decreased its position in shares of Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 17.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 455,470 shares of the company's stock after selling 98,327 shares during the period. American Century Companies Inc. owned 0.29% of Qfin worth $20,455,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of QFIN. Mirae Asset Global Investments Co. Ltd. raised its holdings in Qfin by 10,812.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,042,306 shares of the company's stock valued at $91,720,000 after buying an additional 2,023,590 shares in the last quarter. Krane Funds Advisors LLC raised its holdings in Qfin by 24.4% during the first quarter. Krane Funds Advisors LLC now owns 7,032,927 shares of the company's stock valued at $315,849,000 after buying an additional 1,381,624 shares in the last quarter. Keystone Investors PTE Ltd. bought a new position in Qfin during the first quarter valued at about $52,814,000. Aspex Management HK Ltd raised its holdings in Qfin by 11.3% during the fourth quarter. Aspex Management HK Ltd now owns 6,371,808 shares of the company's stock valued at $244,550,000 after buying an additional 648,088 shares in the last quarter. Finally, Panview Capital Ltd bought a new position in Qfin during the first quarter valued at about $24,925,000. 74.81% of the stock is currently owned by institutional investors.

Qfin Stock Performance

Shares of Qfin stock traded up $0.25 during trading on Friday, reaching $29.26. The company's stock had a trading volume of 359,165 shares, compared to its average volume of 1,744,208. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.48 and a current ratio of 3.48. The business's fifty day moving average price is $37.61 and its 200-day moving average price is $40.39. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 4.13, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39. Qfin Holdings Inc. - Sponsored ADR has a one year low of $24.30 and a one year high of $48.94.

Qfin (NASDAQ:QFIN - Get Free Report) last issued 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). Qfin had a net margin of 38.66% and a return on equity of 30.74%. The firm had revenue of $728.00 million for the quarter, compared to the consensus estimate of $4.68 billion. As a group, equities research analysts predict that Qfin Holdings Inc. - Sponsored ADR will post 5.71 earnings per share for the current year.

Qfin Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 8th will be paid 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 yield of 440.0%. The ex-dividend date is Monday, September 8th. Qfin's dividend payout ratio is presently 21.19%.

Analyst Ratings Changes

Several research firms have weighed in on QFIN. Wall Street Zen lowered Qfin from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. 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. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target 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.