Vanguard Group Inc. Acquires 31,155 Shares of Qfin Holdings Inc. - Sponsored ADR $QFIN

Key Points

• Vanguard Group Inc. increased its stake in Qfin Holdings Inc. by 0.7% during the first quarter, acquiring a total of 4,572,985 shares valued at approximately $205 million.
• Qfin Holdings declared a semi-annual dividend increase to $0.76 per share, with an ex-dividend date of September 8, representing a yield of 440%.
• Following recent earnings results, analysts have mixed ratings on Qfin, with a consensus target price of $51.73 and a recent downgrade from "strong-buy" to "buy" by Wall Street Zen.

Vanguard Group Inc. increased its stake in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,572,985 shares of the company's stock after purchasing an additional 31,155 shares during the period. Vanguard Group Inc. owned approximately 2.90% of Qfin worth $205,373,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Krane Funds Advisors LLC increased its position in shares of Qfin by 24.4% in the first quarter. Krane Funds Advisors LLC now owns 7,032,927 shares of the company's stock worth $315,849,000 after purchasing an additional 1,381,624 shares during the last quarter. Aspex Management HK Ltd increased its position in shares of Qfin by 11.3% in the fourth quarter. Aspex Management HK Ltd now owns 6,371,808 shares of the company's stock worth $244,550,000 after purchasing an additional 648,088 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Qfin by 11.9% in 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 last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Qfin by 10,812.1% in 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 last quarter. Finally, Man Group plc increased its position in shares of Qfin by 10.4% in the fourth quarter. Man Group plc now owns 1,529,897 shares of the company's stock worth $58,717,000 after purchasing an additional 144,328 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors.

Qfin Trading Up 2.5%

Shares of Qfin stock traded up $0.78 on Friday, hitting $31.45. The stock had a trading volume of 1,580,249 shares, compared to its average volume of 2,307,090. The company has a quick ratio of 3.08, a current ratio of 3.48 and a debt-to-equity ratio of 0.20. Qfin Holdings Inc. - Sponsored ADR has a one year low of $24.30 and a one year high of $48.94. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 4.44, a PEG ratio of 0.31 and a beta of 0.39. The stock's 50-day simple moving average is $38.64 and its two-hundred day simple moving average is $40.73.

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

Qfin Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 8th will be issued a $0.76 dividend. This is a positive change from Qfin's previous semi-annual dividend of $0.70. This represents a dividend yield of 440.0%. The ex-dividend date is Monday, September 8th. Qfin's dividend payout ratio (DPR) is 19.49%.

Analysts Set New Price Targets

QFIN has been the subject of several research reports. Wall Street Zen lowered Qfin from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. assumed coverage on shares of Qfin in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $65.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average 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.