California Public Employees Retirement System Increases Stock Holdings in FinVolution Group (NYSE:FINV)

California Public Employees Retirement System lifted its stake in shares of FinVolution Group (NYSE:FINV – Get Rating) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 358,862 shares of the company’s stock after buying an additional 14,069 shares during the period. California Public Employees Retirement System owned about 0.13% of FinVolution Group worth $1,780,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Raymond James & Associates boosted its position in FinVolution Group by 15.3% in the third quarter. Raymond James & Associates now owns 26,376 shares of the company’s stock worth $113,000 after purchasing an additional 3,500 shares during the last quarter. Counterpoint Mutual Funds LLC boosted its position in FinVolution Group by 15.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 29,521 shares of the company’s stock worth $146,000 after purchasing an additional 3,958 shares during the last quarter. Northern Trust Corp boosted its position in FinVolution Group by 5.1% in the first quarter. Northern Trust Corp now owns 85,196 shares of the company’s stock worth $338,000 after purchasing an additional 4,130 shares during the last quarter. Barclays PLC boosted its position in FinVolution Group by 3.5% in the third quarter. Barclays PLC now owns 130,673 shares of the company’s stock worth $559,000 after purchasing an additional 4,400 shares during the last quarter. Finally, Shell Asset Management Co. boosted its position in FinVolution Group by 14.8% in the third quarter. Shell Asset Management Co. now owns 35,534 shares of the company’s stock worth $152,000 after purchasing an additional 4,572 shares during the last quarter. Hedge funds and other institutional investors own 16.73% of the company’s stock.

FinVolution Group Price Performance

Shares of FINV opened at $3.90 on Friday. The firm has a market cap of $1.12 billion, a PE ratio of 3.20 and a beta of 0.62. The stock’s fifty day moving average price is $3.97 and its two-hundred day moving average price is $4.70. FinVolution Group has a 1 year low of $3.55 and a 1 year high of $5.92.

FinVolution Group (NYSE:FINV – Get Rating) last issued its earnings results on Tuesday, March 14th. The company reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $442.21 million for the quarter. FinVolution Group had a return on equity of 21.08% and a net margin of 20.69%.

FinVolution Group Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 5th. Investors of record on Thursday, April 13th were paid a dividend of $0.215 per share. This represents a dividend yield of 5.61%. This is a positive change from FinVolution Group’s previous annual dividend of $0.21. The ex-dividend date was Wednesday, April 12th. FinVolution Group’s payout ratio is presently 15.57%.

Wall Street Analyst Weigh In

FINV has been the topic of several research analyst reports. Citigroup cut their price objective on FinVolution Group from $5.08 to $4.68 in a research report on Thursday. UBS Group upgraded FinVolution Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 1st.

About FinVolution Group

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FinVolution Group is an online consumer finance platform in China connecting underserved individual borrowers with financial institutions. It developed technologies and accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data, and artificial intelligence.