Qifu Technology, Inc. (NASDAQ:QFIN) Shares Acquired by Mariner LLC

Mariner LLC grew its position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 58.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,128 shares of the company's stock after acquiring an additional 11,813 shares during the quarter. Mariner LLC's holdings in Qifu Technology were worth $1,233,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QFIN. Asset Management One Co. Ltd. increased its stake in Qifu Technology by 66.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 32,873 shares of the company's stock worth $1,255,000 after purchasing an additional 13,170 shares during the period. Raymond James Financial Inc. bought a new stake in Qifu Technology during the 4th quarter valued at about $298,000. KBC Group NV boosted its position in Qifu Technology by 279.6% in the 4th quarter. KBC Group NV now owns 35,381 shares of the company's stock valued at $1,358,000 after buying an additional 26,061 shares during the period. EverSource Wealth Advisors LLC boosted its position in Qifu Technology by 4,272.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,302 shares of the company's stock valued at $280,000 after buying an additional 7,135 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Qifu Technology by 30.8% in the 4th quarter. New York State Common Retirement Fund now owns 396,570 shares of the company's stock worth $15,220,000 after acquiring an additional 93,409 shares in the last quarter. Institutional investors own 74.81% of the company's stock.

Analyst Ratings Changes

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

Qifu Technology Stock Up 1.2 %

NASDAQ:QFIN traded up $0.49 during mid-day trading on Wednesday, reaching $41.03. The company's stock had a trading volume of 1,116,230 shares, compared to its average volume of 1,547,762. Qifu Technology, Inc. has a 1 year low of $18.13 and a 1 year high of $48.94. The stock has a fifty day moving average of $40.92 and a 200-day moving average of $38.41. The firm has a market capitalization of $6.47 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 0.32 and a beta of 0.53.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $581.67 million. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. On average, analysts expect 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 given 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 dividend payout ratio (DPR) is presently 23.79%.

About Qifu Technology

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.