American Century Companies Inc. Has $5.82 Million Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

American Century Companies Inc. boosted its position in Qifu Technology, Inc. (NASDAQ:QFINFree Report) by 17.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 379,186 shares of the company’s stock after buying an additional 55,766 shares during the quarter. American Century Companies Inc.’s holdings in Qifu Technology were worth $5,824,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Employees Retirement System of Texas acquired a new position in shares of Qifu Technology during the 3rd quarter worth approximately $51,000. California State Teachers Retirement System increased its position in shares of Qifu Technology by 59.6% during the 3rd quarter. California State Teachers Retirement System now owns 37,974 shares of the company’s stock worth $583,000 after purchasing an additional 14,178 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Qifu Technology by 370.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,395 shares of the company’s stock worth $129,000 after purchasing an additional 6,612 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Qifu Technology by 96.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,454 shares of the company’s stock worth $5,060,000 after purchasing an additional 161,361 shares during the last quarter. Finally, Rock Creek Group LP acquired a new position in shares of Qifu Technology during the 3rd quarter worth approximately $269,000. Institutional investors and hedge funds own 64.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Nomura assumed coverage on Qifu Technology in a research report on Monday, December 18th. They set a “buy” rating on the stock. Citigroup lifted their target price on Qifu Technology from $23.54 to $23.80 and gave the stock a “buy” rating in a research note on Thursday, March 14th.

Get Our Latest Report on Qifu Technology

Qifu Technology Price Performance

Shares of NASDAQ QFIN opened at $18.51 on Wednesday. The stock’s fifty day moving average price is $15.71 and its two-hundred day moving average price is $15.45. Qifu Technology, Inc. has a one year low of $13.12 and a one year high of $20.40. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 5.06, a P/E/G ratio of 0.44 and a beta of 0.60.

Qifu Technology Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, April 15th will be issued a $0.57 dividend. This represents a yield of 5.7%. This is a positive change from Qifu Technology’s previous semi-annual dividend of $0.50. The ex-dividend date of this dividend is Friday, April 12th. Qifu Technology’s dividend payout ratio is currently 31.15%.

Qifu Technology Company Profile

(Free Report)

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.

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Institutional Ownership by Quarter for Qifu Technology (NASDAQ:QFIN)

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