Trexquant Investment LP Boosts Stake in Qfin Holdings Inc. - Sponsored ADR $QFIN

Key Points

• Trexquant Investment LP increased its stake in Qfin Holdings Inc. by 19.7%, owning a total of 264,192 shares worth $11.87 million.
• Qfin announced a semi-annual dividend of $0.76 per share, an increase from the previous $0.70, representing a dividend yield of 440.0%.
• Analysts forecast 5.71 EPS for Qfin this year, with JPMorgan Chase issuing an "overweight" rating and a target price of $65.00.

Trexquant Investment LP raised its position in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 19.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,192 shares of the company's stock after purchasing an additional 43,506 shares during the quarter. Trexquant Investment LP owned 0.17% of Qfin worth $11,865,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC raised its position in shares of Qfin by 24.4% during the first quarter. Krane Funds Advisors LLC now owns 7,032,927 shares of the company's stock worth $315,849,000 after acquiring an additional 1,381,624 shares during the last quarter. Aspex Management HK Ltd raised its position in shares of Qfin by 11.3% during the fourth quarter. Aspex Management HK Ltd now owns 6,371,808 shares of the company's stock worth $244,550,000 after acquiring an additional 648,088 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Qfin by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,572,985 shares of the company's stock worth $205,373,000 after acquiring an additional 31,155 shares during the last quarter. AQR Capital Management LLC grew its stake in Qfin by 11.9% during the fourth quarter. AQR Capital Management LLC now owns 2,432,131 shares of the company's stock worth $93,345,000 after purchasing an additional 258,586 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake 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 worth $91,720,000 after purchasing an additional 2,023,590 shares during the period. 74.81% of the stock is currently owned by institutional investors.

Qfin Stock Up 0.4%

Shares of NASDAQ:QFIN traded up $0.11 during mid-day trading on Friday, hitting $29.12. 1,407,657 shares of the company traded hands, compared to its average volume of 2,123,193. The stock has a market cap of $4.59 billion, a P/E ratio of 4.11, a P/E/G ratio of 0.29 and a beta of 0.45. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.20. Qfin Holdings Inc. - Sponsored ADR has a 12-month low of $24.30 and a 12-month high of $48.94. The stock has a 50-day moving average price of $37.34 and a two-hundred day moving average price of $40.26.

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

Qfin Increases Dividend

The business also recently disclosed 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 represents a dividend yield of 440.0%. The ex-dividend date is Monday, September 8th. This is a positive change from Qfin's previous semi-annual dividend of $0.70. Qfin's dividend payout ratio is presently 19.49%.

Wall Street Analyst Weigh In

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