Susquehanna Fundamental Investments LLC Invests $264,000 in FinVolution Group (NYSE:FINV)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in FinVolution Group by 4.4% in the third quarter. Geode Capital Management LLC now owns 74,723 shares of the company's stock valued at $462,000 after purchasing an additional 3,164 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in FinVolution Group in the fourth quarter valued at about $28,000. Leading Securities Co Ltd acquired a new position in FinVolution Group in the fourth quarter valued at about $14,091,000. Sanctuary Advisors LLC purchased a new position in FinVolution Group during the fourth quarter worth about $976,000. Finally, Blue Trust Inc. increased its position in shares of FinVolution Group by 142.1% during the fourth quarter. Blue Trust Inc. now owns 38,138 shares of the company's stock valued at $236,000 after acquiring an additional 22,384 shares during the last quarter. Institutional investors and hedge funds own 31.15% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FINV shares. UBS Group reissued a "neutral" rating and issued a $11.80 target price (up previously from $7.80) on shares of FinVolution Group in a research report on Thursday, March 20th. Citigroup upgraded FinVolution Group from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $6.00 to $11.00 in a report on Tuesday, March 18th.

FinVolution Group Stock Performance

Shares of NYSE:FINV traded down $0.29 during trading on Wednesday, hitting $8.34. The company's stock had a trading volume of 409,844 shares, compared to its average volume of 821,247. FinVolution Group has a fifty-two week low of $4.63 and a fifty-two week high of $11.08. The business has a 50 day moving average price of $8.54 and a two-hundred day moving average price of $7.53. The company has a market capitalization of $2.11 billion, a PE ratio of 7.19 and a beta of 0.30.

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

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

FinVolution Group Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 16th will be issued a $0.277 dividend. This represents a yield of 2%. The ex-dividend date of this dividend is Wednesday, April 16th. This is a positive change from FinVolution Group's previous annual dividend of $0.24. FinVolution Group's dividend payout ratio is 16.80%.

About FinVolution Group

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.