103,527 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 103,527 shares of the company's stock, valued at approximately $1,638,000. Los Angeles Capital Management LLC owned approximately 0.06% of Qifu Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Employees Retirement System of Texas bought a new position in Qifu Technology in the 3rd quarter valued at about $51,000. Clear Street Markets LLC purchased a new position in shares of Qifu Technology during the third quarter valued at approximately $58,000. Quantbot Technologies LP boosted its position in shares of Qifu Technology by 60.0% during the third quarter. Quantbot Technologies LP now owns 7,437 shares of the company's stock valued at $114,000 after buying an additional 2,789 shares during the last quarter. Handelsinvest Investeringsforvaltning bought a new stake in Qifu Technology during the fourth quarter worth $150,000. Finally, Fox Run Management L.L.C. bought a new position in Qifu Technology during the 3rd quarter valued at $218,000. Institutional investors and hedge funds own 74.81% of the company's stock.

Qifu Technology Price Performance

Shares of NASDAQ QFIN remained flat at $19.91 during midday trading on Wednesday. The stock had a trading volume of 798,298 shares, compared to its average volume of 1,110,643. The firm has a market cap of $3.21 billion, a PE ratio of 5.44, a P/E/G ratio of 0.45 and a beta of 0.57. The firm has a 50-day moving average price of $18.19 and a 200 day moving average price of $16.17. Qifu Technology, Inc. has a 12-month low of $13.12 and a 12-month high of $20.61.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $0.96 EPS for the quarter, hitting analysts' consensus estimates of $0.96. The business had revenue of $633.18 million for the quarter, compared to analyst estimates of $597.09 million. Qifu Technology had a return on equity of 20.44% and a net margin of 26.29%. On average, equities analysts anticipate that Qifu Technology, Inc. will post 4.31 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 24th. Investors of record on Monday, April 15th will be issued a $0.57 dividend. This is an increase from Qifu Technology's previous semi-annual dividend of $0.50. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, April 12th. Qifu Technology's payout ratio is 31.15%.

Analysts Set New Price Targets

Separately, Citigroup upped their target price on shares of Qifu Technology from $23.54 to $23.80 and gave the stock a "buy" rating in a research note on Thursday, March 14th.

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.