Marshall Wace LLP Invests $1.26 Million in FinVolution Group (NYSE:FINV)

Marshall Wace LLP purchased a new position in shares of FinVolution Group (NYSE:FINV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 185,914 shares of the company's stock, valued at approximately $1,262,000. Marshall Wace LLP owned 0.07% of FinVolution Group as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FINV. NewEdge Advisors LLC grew its stake in FinVolution Group by 381.1% during the fourth quarter. NewEdge Advisors LLC now owns 12,624 shares of the company's stock worth $86,000 after buying an additional 10,000 shares during the period. EAM Global Investors LLC purchased a new position in FinVolution Group in the fourth quarter valued at about $2,613,000. Jump Financial LLC acquired a new position in shares of FinVolution Group during the fourth quarter worth about $755,000. Walleye Capital LLC boosted its position in shares of FinVolution Group by 31.8% in the fourth quarter. Walleye Capital LLC now owns 627,899 shares of the company's stock worth $4,263,000 after buying an additional 151,605 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of FinVolution Group in the fourth quarter valued at about $118,000. Institutional investors and hedge funds own 31.15% of the company's stock.

FinVolution Group Stock Down 0.5 %

Shares of FinVolution Group stock traded down $0.04 on Monday, hitting $8.36. 140,059 shares of the company's stock traded hands, compared to its average volume of 807,555. FinVolution Group has a 52-week low of $4.63 and a 52-week high of $11.08. The stock has a market cap of $2.12 billion, a P/E ratio of 7.18 and a beta of 0.30. The firm's 50-day moving average is $8.54 and its 200 day moving average is $7.50.

FinVolution Group (NYSE:FINV - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The company reported $0.38 EPS for the quarter. The firm had revenue of $473.57 million for the quarter. FinVolution Group had a net margin of 17.36% and a return on equity of 16.66%.

FinVolution Group announced that its Board of Directors has authorized a share buyback plan on Monday, March 17th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to purchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

FinVolution Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.277 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a yield of 2%. This is a boost from FinVolution Group's previous annual dividend of $0.24. FinVolution Group's dividend payout ratio is presently 16.80%.

Analyst Ratings Changes

FINV has been the subject of several recent research reports. Citigroup raised shares of FinVolution Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $6.00 to $11.00 in a research report on Tuesday, March 18th. UBS Group reissued a "neutral" rating and issued a $11.80 price objective (up from $7.80) on shares of FinVolution Group in a research report on Thursday, March 20th.

FinVolution Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.