Creative Planning Buys 4,045 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Creative Planning lifted its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,076 shares of the company’s stock after acquiring an additional 4,045 shares during the period. Creative Planning’s holdings in Qifu Technology were worth $926,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in QFIN. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Qifu Technology by 88.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 102,000 shares of the company’s stock valued at $1,880,000 after purchasing an additional 47,800 shares in the last quarter. Quantbot Technologies LP bought a new position in Qifu Technology in the first quarter valued at $634,000. AQR Capital Management LLC bought a new position in Qifu Technology in the second quarter valued at $25,560,000. Hsbc Holdings PLC grew its position in Qifu Technology by 9.8% in the second quarter. Hsbc Holdings PLC now owns 424,904 shares of the company’s stock valued at $8,377,000 after purchasing an additional 37,948 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Qifu Technology by 117.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,198 shares of the company’s stock valued at $959,000 after purchasing an additional 26,558 shares in the last quarter. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Down 0.7 %

Qifu Technology stock opened at $32.58 on Friday. The company has a market cap of $5.26 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.62. Qifu Technology, Inc. has a 1-year low of $13.71 and a 1-year high of $35.23. The company has a fifty day simple moving average of $29.16 and a 200 day simple moving average of $23.21.

Qifu Technology (NASDAQ:QFIN) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.23. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. The company had revenue of $572.44 million during the quarter, compared to the consensus estimate of $582.69 million. On average, equities research analysts forecast that Qifu Technology, Inc. will post 5.08 EPS for the current year.

Qifu Technology Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, September 27th were given a $0.60 dividend. This represents a dividend yield of 4.7%. The ex-dividend date was Friday, September 27th. This is an increase from Qifu Technology’s previous semi-annual dividend of $0.57. Qifu Technology’s dividend payout ratio (DPR) is 28.37%.

About Qifu Technology

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.