Qifu Technology, Inc. (NASDAQ:QFIN) Stake Boosted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 104.6% in the 2nd quarter, Holdings Channel reports. The firm owned 20,015 shares of the company’s stock after purchasing an additional 10,231 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Qifu Technology were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of QFIN. Vanguard Group Inc. boosted its holdings in shares of Qifu Technology by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,651,879 shares of the company’s stock valued at $85,734,000 after buying an additional 30,522 shares during the period. Tiger Pacific Capital LP grew its holdings in shares of Qifu Technology by 10.0% during the fourth quarter. Tiger Pacific Capital LP now owns 2,870,710 shares of the company’s stock valued at $45,415,000 after purchasing an additional 260,306 shares during the last quarter. Norges Bank acquired a new stake in shares of Qifu Technology during the 4th quarter worth approximately $37,128,000. Dimensional Fund Advisors LP boosted its position in Qifu Technology by 20.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,901,674 shares of the company’s stock valued at $30,082,000 after purchasing an additional 324,618 shares during the period. Finally, Acadian Asset Management LLC grew its stake in Qifu Technology by 1,789.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company’s stock worth $24,450,000 after buying an additional 1,174,824 shares during the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.

Qifu Technology Price Performance

Shares of NASDAQ QFIN opened at $25.76 on Friday. The firm has a market capitalization of $4.16 billion, a PE ratio of 6.67, a P/E/G ratio of 0.43 and a beta of 0.61. Qifu Technology, Inc. has a 1-year low of $13.68 and a 1-year high of $26.50. The business’s fifty day moving average price is $22.74 and its two-hundred day moving average price is $20.47.

Qifu Technology (NASDAQ:QFIN) last released its quarterly earnings data on Tuesday, August 13th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.23. The business had revenue of $572.44 million for the quarter, compared to analysts’ expectations of $582.69 million. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. Equities research analysts expect that Qifu Technology, Inc. will post 4.94 earnings per share for the current fiscal year.

Qifu Technology Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be issued a dividend of $0.60 per share. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Qifu Technology’s previous semi-annual dividend of $0.57. Qifu Technology’s payout ratio is 29.53%.

Qifu Technology 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.