Skandinaviska Enskilda Banken AB publ Buys New Shares in Qifu Technology, Inc. (NASDAQ:QFIN)

Skandinaviska Enskilda Banken AB publ bought a new stake in Qifu Technology, Inc. (NASDAQ:QFIN – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 26,400 shares of the company’s stock, valued at approximately $538,000.

A number of other hedge funds and other institutional investors have also modified their holdings of QFIN. Quadrant Capital Group LLC increased its position in Qifu Technology by 234.1% during the third quarter. Quadrant Capital Group LLC now owns 3,381 shares of the company’s stock worth $43,000 after buying an additional 2,369 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Qifu Technology by 164.5% during the third quarter. Tower Research Capital LLC TRC now owns 5,203 shares of the company’s stock worth $67,000 after buying an additional 3,236 shares during the last quarter. US Bancorp DE increased its position in Qifu Technology by 45.8% during the third quarter. US Bancorp DE now owns 5,533 shares of the company’s stock worth $71,000 after buying an additional 1,738 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Qifu Technology during the second quarter worth approximately $84,000. Finally, Van ECK Associates Corp increased its position in Qifu Technology by 20.6% during the fourth quarter. Van ECK Associates Corp now owns 4,225 shares of the company’s stock worth $86,000 after buying an additional 722 shares during the last quarter. Institutional investors and hedge funds own 55.07% of the company’s stock.

Qifu Technology Stock Down 1.1 %

Shares of NASDAQ QFIN opened at $17.36 on Friday. The business’s 50 day moving average price is $18.12 and its two-hundred day moving average price is $18.50. The company has a market cap of $2.70 billion, a PE ratio of 4.67 and a beta of 0.38. Qifu Technology, Inc. has a twelve month low of $9.47 and a twelve month high of $25.49.

Qifu Technology (NASDAQ:QFIN – Get Rating) last issued its quarterly earnings data on Thursday, March 9th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.18). Qifu Technology had a return on equity of 23.09% and a net margin of 24.37%. The firm had revenue of $566.40 million for the quarter, compared to the consensus estimate of $636.77 million. As a group, research analysts anticipate that Qifu Technology, Inc. will post 4.76 EPS for the current fiscal year.

Qifu Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Tuesday, April 11th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Monday, April 10th. Qifu Technology’s dividend payout ratio is presently 16.13%.

About Qifu Technology

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Qifu Technology. Inc is a holding company, which engages in the provision of digital consumer finance platforms. It provides tailored online consumer finance products to prime, underserved borrowers funded primarily by its funding partners. The company’s proprietary technology platform supports full transaction lifecycle from credit application through settlement.