Qfin Holdings Inc. - Sponsored ADR $QFIN Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM increased its stake in Qfin Holdings Inc. by 183.8% during the first quarter, holding approximately 888,680 shares valued at nearly $39.9 million.
• Qfin recently reported a missed EPS estimate of $1.78 compared to the expected $1.79, with a revenue of $728 million against expectations of $4.68 billion.
• The company announced a semi-annual dividend of $0.76, an increase from the previous $0.70, representing a substantial yield of 541.0%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 183.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 888,680 shares of the company's stock after purchasing an additional 575,545 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.56% of Qfin worth $39,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Caxton Associates LLP acquired a new position in Qfin during the first quarter valued at approximately $1,297,000. Goldman Sachs Group Inc. boosted its holdings in shares of Qfin by 32.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company's stock valued at $72,028,000 after acquiring an additional 395,589 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Qfin during the 1st quarter valued at $29,000. KADENSA CAPITAL Ltd acquired a new stake in Qfin during the first quarter worth approximately $5,963,000. Finally, Alliancebernstein L.P. grew its stake in Qfin by 20.8% during the first quarter. Alliancebernstein L.P. now owns 2,901,566 shares of the company's stock worth $130,309,000 after purchasing an additional 500,573 shares during the period. Institutional investors and hedge funds own 74.81% of the company's stock.

Qfin Trading Down 0.0%

Shares of NASDAQ:QFIN traded down $0.01 on Friday, reaching $30.33. 2,203,603 shares of the company traded hands, compared to its average volume of 1,549,156. 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 $4.78 billion, a P/E ratio of 4.28, a price-to-earnings-growth ratio of 0.31 and a beta of 0.45. Qfin Holdings Inc. - Sponsored ADR has a 52 week low of $25.49 and a 52 week high of $48.94. The business's 50-day simple moving average is $32.93 and its 200 day simple moving average is $38.96.

Qfin (NASDAQ:QFIN - Get Free Report) last released 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). Qfin had a net margin of 38.66% and a return on equity of 30.74%. The business had revenue of $728.00 million for the quarter, compared to analysts' expectations of $4.68 billion. As a group, equities analysts anticipate that Qfin Holdings Inc. - Sponsored ADR will post 5.71 EPS for the current fiscal year.

Qfin Increases Dividend

The business 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 $0.76 dividend. The ex-dividend date is Monday, September 8th. This represents a yield of 541.0%. This is an increase from Qfin's previous semi-annual dividend of $0.70. Qfin's payout ratio is currently 21.19%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on QFIN shares. Wall Street Zen downgraded Qfin from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. initiated coverage on Qfin in a report on Wednesday, July 2nd. They set an "overweight" rating and a $65.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price 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.