Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Qfin Holdings Inc. has received an average rating of "Moderate Buy" from five brokerages, with one analyst recommending a sell and four others issuing buy ratings.
• The company recently declared a semi-annual dividend of $0.76, an increase from the previous $0.70, representing a substantial dividend yield of 541.0%.
• Qfin's stock has a market cap of $3.72 billion and has shown a substantial return on equity of 30.74%, though it reported earnings of $1.78 EPS, slightly missing analyst expectations.

Shares of Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $51.7333.

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Qfin in a research note on Wednesday, October 8th. Zacks Research lowered Qfin from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Wall Street Zen lowered Qfin from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. began coverage on Qfin in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $65.00 price target on the stock.

Institutional Trading of Qfin

Several hedge funds have recently modified their holdings of QFIN. Bank of New York Mellon Corp raised its holdings in Qfin by 6.1% during the first quarter. Bank of New York Mellon Corp now owns 125,955 shares of the company's stock worth $5,657,000 after purchasing an additional 7,197 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Qfin by 3.2% in the first quarter. Citigroup Inc. now owns 277,647 shares of the company's stock worth $12,469,000 after acquiring an additional 8,515 shares during the last quarter. Yousif Capital Management LLC acquired a new position in shares of Qfin in the first quarter worth $209,000. Oppenheimer & Co. Inc. acquired a new position in shares of Qfin in the first quarter worth $208,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Qfin by 183.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 888,680 shares of the company's stock worth $39,911,000 after acquiring an additional 575,545 shares during the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.

Qfin Trading Down 1.3%

Qfin stock opened at $26.18 on Thursday. The stock has a 50-day moving average of $29.88 and a two-hundred day moving average of $37.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.48 and a current ratio of 3.48. Qfin has a one year low of $26.10 and a one year high of $48.94. The stock has a market cap of $3.72 billion, a PE ratio of 3.70, a price-to-earnings-growth ratio of 0.28 and a beta of 0.42.

Qfin (NASDAQ:QFIN - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). The company had revenue of $728.00 million for the quarter, compared to analyst estimates of $4.68 billion. Qfin had a return on equity of 30.74% and a net margin of 38.66%. On average, research analysts anticipate that Qfin will post 5.71 EPS for the current fiscal year.

Qfin Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 8th were issued a $0.76 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a dividend yield of 541.0%. This is an increase from Qfin's previous semi-annual dividend of $0.70. Qfin's payout ratio is 21.19%.

Qfin Company Profile

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.

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