Vanguard Group Inc. Grows Position in Qfin Holdings Inc. – Sponsored ADR $QFIN

Vanguard Group Inc. lifted its position in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,572,985 shares of the company’s stock after buying an additional 31,155 shares during the quarter. Vanguard Group Inc. owned approximately 2.90% of Qfin worth $205,373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GeoWealth Management LLC purchased a new stake in shares of Qfin in the fourth quarter worth about $26,000. Virtus Investment Advisers Inc. purchased a new stake in shares of Qfin in the fourth quarter worth about $61,000. State of Wyoming purchased a new stake in shares of Qfin in the fourth quarter worth about $97,000. Burns Matteson Capital Management LLC purchased a new stake in shares of Qfin in the first quarter worth about $201,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Qfin in the first quarter worth about $206,000. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qfin Stock Down 2.5%

Shares of NASDAQ QFIN opened at $29.15 on Wednesday. Qfin Holdings Inc. – Sponsored ADR has a one year low of $23.86 and a one year high of $48.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.48 and a quick ratio of 3.08. The firm’s 50 day simple moving average is $39.31 and its two-hundred day simple moving average is $40.94. The stock has a market capitalization of $4.59 billion, a P/E ratio of 4.12, a PEG ratio of 0.30 and a beta of 0.39.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings results on Thursday, August 14th. The company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.01). Qfin had a net margin of 38.66% and a return on equity of 30.74%. The business had revenue of $728.00 million for the quarter, compared to the consensus estimate of $4.68 billion. As a group, analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current fiscal year.

Qfin Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 8th will be given a dividend of $0.76 per share. The ex-dividend date is Monday, September 8th. This is an increase from Qfin’s previous semi-annual dividend of $0.70. This represents a yield of 440.0%. Qfin’s dividend payout ratio (DPR) is 21.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on QFIN shares. JPMorgan Chase & Co. started coverage on shares of Qfin in a report on Wednesday, July 2nd. They issued an “overweight” rating and a $65.00 price target on the stock. Wall Street Zen downgraded shares of Qfin from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $51.73.

Qfin Profile

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.