Altfest L J & Co. Inc. Acquires 3,171 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Altfest L J & Co. Inc. grew its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFINFree Report) by 16.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,960 shares of the company’s stock after acquiring an additional 3,171 shares during the period. Altfest L J & Co. Inc.’s holdings in Qifu Technology were worth $363,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. abrdn plc raised its stake in shares of Qifu Technology by 1.8% during the third quarter. abrdn plc now owns 86,850 shares of the company’s stock valued at $1,334,000 after acquiring an additional 1,519 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Qifu Technology by 138.5% during the third quarter. Canada Pension Plan Investment Board now owns 470,910 shares of the company’s stock worth $7,233,000 after buying an additional 273,500 shares during the last quarter. QRG Capital Management Inc. bought a new position in Qifu Technology during the third quarter worth $351,000. American Century Companies Inc. raised its stake in Qifu Technology by 17.2% during the third quarter. American Century Companies Inc. now owns 379,186 shares of the company’s stock worth $5,824,000 after buying an additional 55,766 shares during the last quarter. Finally, Aviva PLC raised its stake in Qifu Technology by 5.4% during the third quarter. Aviva PLC now owns 81,300 shares of the company’s stock worth $1,249,000 after buying an additional 4,200 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Up 1.3 %

NASDAQ:QFIN opened at $18.43 on Friday. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 5.04, a PEG ratio of 0.42 and a beta of 0.60. The firm has a fifty day simple moving average of $15.86 and a two-hundred day simple moving average of $15.49. Qifu Technology, Inc. has a 12 month low of $13.12 and a 12 month high of $20.40.

Qifu Technology Increases Dividend

The business also recently declared 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 boost 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 (DPR) is presently 26.78%.

Wall Street Analyst Weigh In

QFIN has been the subject of a number of analyst reports. Nomura initiated coverage on shares of Qifu Technology in a research note on Monday, December 18th. They set a “buy” rating for the company. Citigroup lifted their target price on shares of Qifu Technology from $23.54 to $23.80 and gave the stock a “buy” rating in a research note on Thursday, March 14th.

View Our Latest Analysis on Qifu Technology

Qifu Technology 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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