Qfin Holdings Inc. - Sponsored ADR $QFIN Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking cut its stake in Qfin by 50.4% in Q4, selling 157,355 shares and now holds 154,548 shares (~0.11% of the company) worth about $2.98 million.
• Director Xiaohuan Chen bought 190,000 shares at $12.89 on March 27 for roughly $2.45 million, and company insiders now own about 17.10% of Qfin.
• Analysts have a consensus "Reduce" rating with a $22.20 price target (Jefferies cut to $23.40 and Weiss downgraded to sell), and the company announced a $0.78 dividend payable May 14 (ex-dividend April 22).

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 50.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 154,548 shares of the company's stock after selling 157,355 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.11% of Qfin worth $2,978,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Qfin in the 1st quarter valued at about $29,000. PNC Financial Services Group Inc. raised its stake in shares of Qfin by 38.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,342 shares of the company's stock valued at $125,000 after purchasing an additional 1,195 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Qfin by 703.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,538 shares of the company's stock valued at $131,000 after purchasing an additional 3,973 shares in the last quarter. Signaturefd LLC raised its stake in shares of Qfin by 59.2% in the 4th quarter. Signaturefd LLC now owns 6,982 shares of the company's stock valued at $135,000 after purchasing an additional 2,597 shares in the last quarter. Finally, Legacy Financial Advisors Inc. acquired a new stake in shares of Qfin in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 74.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QFIN. Jefferies Financial Group cut their target price on shares of Qfin from $30.30 to $23.40 and set a "buy" rating on the stock in a research note on Wednesday, March 18th. Weiss Ratings lowered shares of Qfin from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Qfin has a consensus rating of "Reduce" and a consensus price target of $22.20.

Insiders Place Their Bets

In other Qfin news, Director Xiaohuan Chen acquired 190,000 shares of the company's stock in a transaction that occurred on Friday, March 27th. The shares were purchased at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the completion of the purchase, the director directly owned 190,000 shares in the company, valued at $2,449,100. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 17.10% of the stock is currently owned by company insiders.

Qfin Price Performance

QFIN opened at $13.39 on Monday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 2.17, a price-to-earnings-growth ratio of 0.25 and a beta of 0.54. Qfin Holdings Inc. - Sponsored ADR has a fifty-two week low of $12.29 and a fifty-two week high of $47.00. The company's 50-day moving average price is $13.74 and its 200 day moving average price is $17.44. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.07.

Qfin (NASDAQ:QFIN - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.59 earnings per share for the quarter. The firm had revenue of $584.98 million for the quarter. Qfin had a net margin of 31.13% and a return on equity of 24.97%. As a group, sell-side analysts expect that Qfin Holdings Inc. - Sponsored ADR will post 3.82 earnings per share for the current year.

Qfin Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 22nd will be paid a dividend of $0.78 per share. The ex-dividend date is Wednesday, April 22nd. This represents a yield of 1,176.0%. Qfin's dividend payout ratio is 25.00%.

About Qfin

360 DigiTech, Inc NASDAQ: QFIN is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company's flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.

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