Robeco Institutional Asset Management B.V. Has $3.55 Million Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 15.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 224,177 shares of the company's stock after selling 42,359 shares during the period. Robeco Institutional Asset Management B.V. owned 0.14% of Qifu Technology worth $3,546,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Employees Retirement System of Texas bought a new stake in Qifu Technology during the 3rd quarter valued at about $51,000. Clear Street Markets LLC acquired a new position in shares of Qifu Technology in the 3rd quarter valued at $58,000. Quantbot Technologies LP lifted its stake in shares of Qifu Technology by 60.0% in the 3rd quarter. Quantbot Technologies LP now owns 7,437 shares of the company's stock valued at $114,000 after purchasing an additional 2,789 shares during the period. Handelsinvest Investeringsforvaltning acquired a new position in shares of Qifu Technology in the 4th quarter valued at $150,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Qifu Technology in the 3rd quarter valued at $218,000. 74.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Qifu Technology Trading Down 0.3 %

Qifu Technology stock traded down $0.06 during midday trading on Wednesday, hitting $20.45. 1,211,123 shares of the stock were exchanged, compared to its average volume of 1,109,170. Qifu Technology, Inc. has a fifty-two week low of $13.12 and a fifty-two week high of $21.57. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 5.30, a PEG ratio of 0.12 and a beta of 0.57. The stock's 50-day simple moving average is $19.24 and its 200 day simple moving average is $16.58.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.96 earnings per share for the quarter, meeting analysts' consensus estimates of $0.96. The firm had revenue of $633.18 million during the quarter, compared to analysts' expectations of $597.09 million. Qifu Technology had a net margin of 26.80% and a return on equity of 21.15%. Equities analysts anticipate that Qifu Technology, Inc. will post 17.19 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 24th. Investors of record on Monday, April 15th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a yield of 5.7%. This is an increase from Qifu Technology's previous semi-annual dividend of $0.50. Qifu Technology's payout ratio is currently 29.53%.

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.