Cerity Partners LLC Decreases Stake in FinVolution Group (NYSE:FINV)

Cerity Partners LLC reduced its stake in shares of FinVolution Group (NYSE:FINV) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,503 shares of the company’s stock after selling 4,000 shares during the quarter. Cerity Partners LLC’s holdings in FinVolution Group were worth $301,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FINV. Ballentine Partners LLC bought a new stake in FinVolution Group during the fourth quarter worth approximately $56,000. Vanguard Personalized Indexing Management LLC increased its stake in FinVolution Group by 21.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,750 shares of the company’s stock worth $123,000 after acquiring an additional 4,441 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of FinVolution Group during the third quarter valued at approximately $148,000. Quantbot Technologies LP bought a new position in shares of FinVolution Group during the third quarter valued at approximately $165,000. Finally, SCEP Management Ltd bought a new position in shares of FinVolution Group during the third quarter valued at approximately $183,000. 31.15% of the stock is owned by institutional investors.

FinVolution Group Stock Performance

FINV opened at $4.89 on Friday. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 4.18 and a beta of 0.52. The stock’s 50 day moving average price is $5.05 and its 200-day moving average price is $4.85. FinVolution Group has a one year low of $3.78 and a one year high of $6.05.

FinVolution Group (NYSE:FINV) last released its earnings results on Monday, March 18th. The company reported $0.29 EPS for the quarter. The firm had revenue of $454.03 million for the quarter. FinVolution Group had a return on equity of 18.53% and a net margin of 18.70%.

FinVolution Group Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Tuesday, April 16th will be issued a $0.237 dividend. This is a positive change from FinVolution Group’s previous annual dividend of $0.22. The ex-dividend date of this dividend is Monday, April 15th. This represents a dividend yield of 4.88%. FinVolution Group’s payout ratio is presently 18.80%.

About FinVolution Group

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by proprietary technologies connects underserved borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.