Creative Planning Grows Position in FinVolution Group (NYSE:FINV)

Creative Planning increased its position in FinVolution Group (NYSE:FINV) by 15.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,288 shares of the company’s stock after purchasing an additional 9,243 shares during the quarter. Creative Planning’s holdings in FinVolution Group were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Kathmere Capital Management LLC increased its position in FinVolution Group by 23.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 43,697 shares of the company’s stock valued at $208,000 after buying an additional 8,232 shares in the last quarter. Dark Forest Capital Management LP bought a new position in FinVolution Group during the 2nd quarter valued at approximately $139,000. Canada Pension Plan Investment Board bought a new position in FinVolution Group during the 2nd quarter valued at approximately $1,039,000. Public Employees Retirement Association of Colorado increased its position in FinVolution Group by 46.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 104,700 shares of the company’s stock valued at $499,000 after buying an additional 33,100 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in FinVolution Group by 38.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 39,891 shares of the company’s stock valued at $188,000 after buying an additional 11,177 shares in the last quarter. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Stock Up 0.8 %

FINV stock opened at $6.30 on Friday. FinVolution Group has a twelve month low of $4.22 and a twelve month high of $7.24. The firm has a market cap of $1.67 billion, a PE ratio of 5.74 and a beta of 0.45. The business has a 50 day moving average of $5.86 and a 200 day moving average of $5.32.

FinVolution Group (NYSE:FINV) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $435.93 million during the quarter. FinVolution Group had a return on equity of 16.57% and a net margin of 17.00%.

FinVolution Group Profile

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.