Qfin Holdings Inc. - Sponsored ADR $QFIN is Tiger Pacific Capital LP's 2nd Largest Position

Key Points

• Tiger Pacific Capital LP has reduced its holdings in Qfin Holdings Inc. by 10.6%, now owning 943,227 shares, making it the firm's second largest position.
• Qfin announced a semi-annual dividend increase to $0.76 per share, with a yield of 440.0%, payable on September 30th.
• The company's latest earnings report showed an EPS of $1.78, missing estimates, while revenue was significantly below expectations at $728 million compared to $4.68 billion forecasted.

Tiger Pacific Capital LP trimmed its position in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 943,227 shares of the company's stock after selling 111,275 shares during the period. Qfin makes up approximately 15.3% of Tiger Pacific Capital LP's holdings, making the stock its 2nd biggest holding. Tiger Pacific Capital LP owned 0.60% of Qfin worth $42,360,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of QFIN. Raymond James Financial Inc. acquired a new stake in Qfin in the fourth quarter valued at approximately $298,000. Northern Trust Corp increased its holdings in shares of Qfin by 116.1% during the fourth quarter. Northern Trust Corp now owns 716,467 shares of the company's stock valued at $27,498,000 after acquiring an additional 384,948 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Qfin by 36.4% in the 4th quarter. Ameriprise Financial Inc. now owns 24,365 shares of the company's stock valued at $935,000 after purchasing an additional 6,505 shares during the last quarter. Deutsche Bank AG boosted its stake in Qfin by 51.8% in the 4th quarter. Deutsche Bank AG now owns 301,745 shares of the company's stock worth $11,581,000 after purchasing an additional 102,975 shares in the last quarter. Finally, Ethic Inc. purchased a new stake in Qfin during the 4th quarter worth approximately $292,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qfin Stock Performance

Shares of NASDAQ:QFIN traded down $0.43 during midday trading on Friday, reaching $28.35. The company's stock had a trading volume of 597,107 shares, compared to its average volume of 1,727,868. 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 stock has a fifty day moving average of $34.60 and a 200 day moving average of $39.41. Qfin Holdings Inc. - Sponsored ADR has a twelve month low of $24.78 and a twelve month high of $48.94. The firm has a market capitalization of $4.47 billion, a PE ratio of 4.01, a P/E/G ratio of 0.29 and a beta of 0.45.

Qfin (NASDAQ:QFIN - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). The business had revenue of $728.00 million during the quarter, compared to analysts' expectations of $4.68 billion. Qfin had a net margin of 38.66% and a return on equity of 30.74%. On average, equities analysts expect that Qfin Holdings Inc. - Sponsored ADR will post 5.71 EPS for the current fiscal year.

Qfin Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 8th will be given a $0.76 dividend. The ex-dividend date is Monday, September 8th. This represents a yield of 541.0%. This is a boost from Qfin's previous semi-annual dividend of $0.70. Qfin's payout ratio is currently 21.19%.

Analyst Ratings Changes

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