FinVolution Group (NYSE:FINV) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in FinVolution Group (NYSE:FINV) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,244,972 shares of the company’s stock after selling 705,000 shares during the quarter. Allspring Global Investments Holdings LLC owned about 3.11% of FinVolution Group worth $39,329,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FINV. Russell Investments Group Ltd. increased its stake in FinVolution Group by 155.9% during the 1st quarter. Russell Investments Group Ltd. now owns 503,756 shares of the company’s stock worth $2,539,000 after buying an additional 306,903 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of FinVolution Group by 54.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 713,690 shares of the company’s stock valued at $3,597,000 after acquiring an additional 250,967 shares during the period. AJOVista LLC acquired a new stake in FinVolution Group during the 4th quarter worth $647,000. HCEP Management Ltd grew its holdings in shares of FinVolution Group by 580.1% during the fourth quarter. HCEP Management Ltd now owns 250,000 shares of the company’s stock worth $1,225,000 after buying an additional 213,242 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of FinVolution Group in the 2nd quarter valued at approximately $472,000. 31.15% of the stock is currently owned by hedge funds and other institutional investors.

FinVolution Group Price Performance

FINV remained flat at $5.34 during trading on Tuesday. 27,489 shares of the company’s stock traded hands, compared to its average volume of 691,388. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 4.92 and a beta of 0.44. FinVolution Group has a 12 month low of $4.22 and a 12 month high of $5.80. The business has a fifty day moving average of $5.14 and a 200-day moving average of $5.03.

FinVolution Group (NYSE:FINV) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $435.93 million for the quarter. FinVolution Group had a net margin of 17.15% and a return on equity of 16.91%.

About FinVolution Group

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by 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.