FinVolution Group (NYSE:FINV) Trading 1.3% Higher

Shares of FinVolution Group (NYSE:FINV - Get Free Report) were up 1.3% during mid-day trading on Wednesday . The stock traded as high as $5.41 and last traded at $5.39. Approximately 93,496 shares changed hands during trading, a decline of 88% from the average daily volume of 804,125 shares. The stock had previously closed at $5.32.

Analysts Set New Price Targets

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

FinVolution Group Stock Performance

The stock has a fifty day moving average price of $5.05 and a 200-day moving average price of $4.86. The firm has a market cap of $1.49 billion, a PE ratio of 4.50 and a beta of 0.52.

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

FinVolution Group Increases Dividend

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

Institutional Trading of FinVolution Group

Large investors have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in shares of FinVolution Group in the second quarter worth $37,000. Ballentine Partners LLC bought a new stake in shares of FinVolution Group during the 4th quarter worth about $56,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FinVolution Group in the 2nd quarter worth approximately $57,000. Vident Investment Advisory LLC bought a new position in shares of FinVolution Group in the fourth quarter valued at approximately $58,000. Finally, SVB Wealth LLC acquired a new position in shares of FinVolution Group during the second quarter valued at approximately $61,000. Institutional investors and hedge funds own 31.15% of the company's stock.

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.