12,885 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Bought by Prudential PLC

Prudential PLC acquired a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,885 shares of the company’s stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QFIN. Quadrant Capital Group LLC raised its holdings in shares of Qifu Technology by 234.1% in the third quarter. Quadrant Capital Group LLC now owns 3,381 shares of the company’s stock worth $43,000 after acquiring an additional 2,369 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Qifu Technology by 164.5% in the third quarter. Tower Research Capital LLC TRC now owns 5,203 shares of the company’s stock worth $67,000 after acquiring an additional 3,236 shares during the last quarter. US Bancorp DE raised its holdings in shares of Qifu Technology by 45.8% in the third quarter. US Bancorp DE now owns 5,533 shares of the company’s stock worth $71,000 after acquiring an additional 1,738 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Qifu Technology in the second quarter valued at $84,000. Finally, Van ECK Associates Corp grew its position in shares of Qifu Technology by 20.6% in the fourth quarter. Van ECK Associates Corp now owns 4,225 shares of the company’s stock valued at $86,000 after purchasing an additional 722 shares during the period. 55.07% of the stock is owned by institutional investors and hedge funds.

Qifu Technology Stock Down 6.4 %

Shares of NASDAQ:QFIN opened at $15.03 on Friday. The company has a market cap of $2.43 billion, a P/E ratio of 4.45 and a beta of 0.38. Qifu Technology, Inc. has a 52 week low of $9.47 and a 52 week high of $25.49. The business has a fifty day simple moving average of $17.89 and a 200-day simple moving average of $18.68.

Qifu Technology (NASDAQ:QFIN – Get Rating) last announced its quarterly earnings data on Thursday, March 9th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.18). The business had revenue of $566.40 million during the quarter, compared to analysts’ expectations of $636.77 million. Qifu Technology had a net margin of 23.86% and a return on equity of 21.05%. Sell-side analysts expect that Qifu Technology, Inc. will post 4.76 earnings per share for the current fiscal year.

Qifu Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Tuesday, April 11th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date was Monday, April 10th. Qifu Technology’s dividend payout ratio (DPR) is presently 17.75%.

Qifu Technology Company Profile

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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.