Raymond James & Associates Buys New Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

Raymond James & Associates bought a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,900 shares of the company’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in LexinFintech by 112.8% during the first quarter. Envestnet Asset Management Inc. now owns 65,687 shares of the company’s stock valued at $172,000 after acquiring an additional 34,814 shares during the last quarter. JPMorgan Chase & Co. grew its position in LexinFintech by 2.0% during the first quarter. JPMorgan Chase & Co. now owns 245,366 shares of the company’s stock valued at $643,000 after acquiring an additional 4,842 shares during the last quarter. American Century Companies Inc. grew its position in LexinFintech by 25.1% during the first quarter. American Century Companies Inc. now owns 79,202 shares of the company’s stock valued at $208,000 after acquiring an additional 15,887 shares during the last quarter. Citigroup Inc. grew its position in LexinFintech by 859.4% during the first quarter. Citigroup Inc. now owns 856,248 shares of the company’s stock valued at $2,243,000 after acquiring an additional 767,004 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in LexinFintech by 30.0% during the first quarter. Acadian Asset Management LLC now owns 73,469 shares of the company’s stock valued at $191,000 after acquiring an additional 16,962 shares during the last quarter. 57.95% of the stock is owned by hedge funds and other institutional investors.

LexinFintech Stock Down 3.0 %

Shares of NASDAQ LX opened at $1.97 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. LexinFintech Holdings Ltd. has a 52 week low of $1.50 and a 52 week high of $3.86. The firm’s fifty day moving average is $2.11 and its 200 day moving average is $2.32. The company has a market cap of $320.58 million, a price-to-earnings ratio of 1.97 and a beta of 0.86.

LexinFintech (NASDAQ:LX) last issued its earnings results on Tuesday, August 29th. The company reported $0.28 EPS for the quarter. LexinFintech had a net margin of 10.69% and a return on equity of 14.24%. The company had revenue of $421.42 million for the quarter.

LexinFintech Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 17th. Investors of record on Friday, September 15th were paid a $0.116 dividend. This represents a dividend yield of 4.1%. The ex-dividend date was Thursday, September 14th. LexinFintech’s payout ratio is 20.00%.

Analyst Ratings Changes

Separately, CLSA reduced their price target on shares of LexinFintech from $3.45 to $3.20 in a research report on Friday, September 1st.

LexinFintech Profile

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.