FinVolution Group (NYSE:FINV) Shares Gap Down to $5.00

FinVolution Group (NYSE:FINV - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $5.00, but opened at $4.82. FinVolution Group shares last traded at $4.82, with a volume of 373,315 shares traded.

Analysts Set New Price Targets

Separately, Nomura began coverage on shares of FinVolution Group in a research report on Monday, December 18th. They issued a "buy" rating on the stock.

FinVolution Group Stock Down 3.2 %

The firm's 50 day simple moving average is $5.06 and its 200 day simple moving average is $4.86. The company has a market capitalization of $1.37 billion, a PE ratio of 4.14 and a beta of 0.52.

FinVolution Group (NYSE:FINV - Get Free Report) last posted its quarterly earnings data on Monday, March 18th. The company reported $0.29 EPS for the quarter. The company had revenue of $454.03 million during the quarter. FinVolution Group had a net margin of 18.70% and a return on equity of 18.53%.

FinVolution Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.237 per share. This represents a yield of 4.88%. This is a positive change from FinVolution Group's previous annual dividend of $0.22. The ex-dividend date of this dividend is Monday, April 15th. FinVolution Group's payout ratio is presently 16.24%.

Institutional Trading of FinVolution Group

A number of large investors have recently made changes to their positions in FINV. Point72 Asset Management L.P. purchased a new stake in shares of FinVolution Group during the second quarter valued at $37,000. Ballentine Partners LLC purchased a new stake in FinVolution Group in the fourth quarter valued at approximately $56,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FinVolution Group in the second quarter valued at approximately $57,000. Vident Investment Advisory LLC purchased a new stake in FinVolution Group in the fourth quarter valued at approximately $58,000. Finally, SVB Wealth LLC purchased a new stake in shares of FinVolution Group during the second quarter worth approximately $61,000. 31.15% of the stock is owned by hedge funds and other institutional investors.

FinVolution Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by proprietary technologies connects underserved 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.