Man Group plc Acquires 144,328 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Man Group plc grew its stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,529,897 shares of the company's stock after acquiring an additional 144,328 shares during the period. Man Group plc owned 0.97% of Qifu Technology worth $58,717,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wrapmanager Inc. grew its position in shares of Qifu Technology by 4.1% during the 4th quarter. Wrapmanager Inc. now owns 7,554 shares of the company's stock worth $290,000 after buying an additional 296 shares during the period. Global Retirement Partners LLC grew its position in shares of Qifu Technology by 80.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock worth $45,000 after buying an additional 518 shares during the period. DGS Capital Management LLC grew its position in shares of Qifu Technology by 5.9% during the 4th quarter. DGS Capital Management LLC now owns 11,413 shares of the company's stock worth $438,000 after buying an additional 631 shares during the period. GeoWealth Management LLC acquired a new stake in shares of Qifu Technology during the 4th quarter worth approximately $26,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Qifu Technology during the 4th quarter worth approximately $29,000. 74.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America lifted their price target on shares of Qifu Technology from $50.66 to $52.70 and gave the stock a "buy" rating in a research report on Wednesday, March 26th.

Qifu Technology Stock Up 0.1%

NASDAQ QFIN traded up $0.06 during trading on Friday, reaching $44.27. 1,406,244 shares of the stock traded hands, compared to its average volume of 1,563,469. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 0.32 and a beta of 0.53. The stock's 50-day moving average price is $41.62 and its 200 day moving average price is $39.31. Qifu Technology, Inc. has a fifty-two week low of $18.13 and a fifty-two week high of $48.94.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last issued its quarterly earnings data on Sunday, March 16th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.14. The firm had revenue of $613.89 million during the quarter, compared to analysts' expectations of $581.67 million. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. Analysts anticipate that Qifu Technology, Inc. will post 5.71 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, April 23rd will be issued a $0.70 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, April 23rd. This is a boost from Qifu Technology's previous semi-annual dividend of $0.60. Qifu Technology's dividend payout ratio is 23.79%.

Qifu Technology 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.