Susquehanna Fundamental Investments LLC Buys Shares of 38,884 FinVolution Group (NYSE:FINV)

Susquehanna Fundamental Investments LLC acquired a new position in shares of FinVolution Group (NYSE:FINV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 38,884 shares of the company's stock, valued at approximately $264,000.

Other large investors also recently added to or reduced their stakes in the company. Leading Securities Co Ltd purchased a new position in FinVolution Group during the fourth quarter valued at approximately $14,091,000. Norges Bank acquired a new stake in shares of FinVolution Group during the 4th quarter valued at $6,360,000. Prudential PLC purchased a new position in shares of FinVolution Group during the 4th quarter valued at $3,370,000. Renaissance Group LLC acquired a new position in shares of FinVolution Group in the fourth quarter worth $2,732,000. Finally, EAM Global Investors LLC purchased a new stake in shares of FinVolution Group during the fourth quarter worth $2,613,000. 31.15% of the stock is owned by institutional investors and hedge funds.

FinVolution Group Price Performance

Shares of FINV stock remained flat at $8.31 on Friday. 381,689 shares of the company traded hands, compared to its average volume of 823,236. The firm has a market cap of $2.10 billion, a PE ratio of 7.16 and a beta of 0.30. FinVolution Group has a 1-year low of $4.63 and a 1-year high of $11.08. The firm's fifty day moving average price is $8.55 and its two-hundred day moving average price is $7.57.

FinVolution Group (NYSE:FINV - Get Free Report) last released its quarterly earnings results on Monday, March 17th. The company reported $0.38 earnings per share (EPS) for the quarter. FinVolution Group had a return on equity of 16.66% and a net margin of 17.36%. The company had revenue of $473.57 million during the quarter.

FinVolution Group announced that its board has initiated a stock buyback program on Monday, March 17th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

FinVolution Group Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 16th were given a $0.277 dividend. This is a positive change from FinVolution Group's previous annual dividend of $0.24. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a dividend yield of 2%. FinVolution Group's dividend payout ratio (DPR) is currently 16.80%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group restated a "neutral" rating and issued a $11.80 target price (up previously from $7.80) on shares of FinVolution Group in a research note on Thursday, March 20th. Citigroup raised FinVolution Group from a "neutral" rating to a "buy" rating and boosted their price target for the company from $6.00 to $11.00 in a research note on Tuesday, March 18th.

FinVolution Group Company Profile

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