Qifu Technology, Inc. (NASDAQ:QFIN) Holdings Increased by Man Group plc

Man Group plc grew its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,529,897 shares of the company's stock after acquiring an additional 144,328 shares during the quarter. Man Group plc owned about 0.97% of Qifu Technology worth $58,717,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. lifted its stake in Qifu Technology by 12.9% during the third quarter. Franklin Resources Inc. now owns 61,616 shares of the company's stock worth $2,031,000 after purchasing an additional 7,033 shares during the last quarter. HB Wealth Management LLC bought a new position in Qifu Technology during the fourth quarter valued at approximately $230,000. Artemis Investment Management LLP purchased a new stake in Qifu Technology during the fourth quarter valued at approximately $12,493,000. Diversify Wealth Management LLC raised its stake in Qifu Technology by 19.6% during the 4th quarter. Diversify Wealth Management LLC now owns 33,941 shares of the company's stock worth $1,225,000 after acquiring an additional 5,552 shares during the period. Finally, Atomi Financial Group Inc. purchased a new position in Qifu Technology in the 4th quarter worth approximately $202,000. Institutional investors own 74.81% of the company's stock.

Analyst Ratings Changes

Separately, Bank of America lifted their price target on 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 Price Performance

Qifu Technology stock traded down $1.25 during mid-day trading on Tuesday, reaching $42.70. 971,033 shares of the company traded hands, compared to its average volume of 1,736,715. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.32 and a beta of 0.53. Qifu Technology, Inc. has a fifty-two week low of $18.13 and a fifty-two week high of $48.94. The firm's fifty day moving average is $41.69 and its two-hundred day moving average is $39.44.

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

Qifu Technology Increases Dividend

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

Qifu Technology 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.