15,390 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,390 shares of the company’s stock, valued at approximately $304,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Qifu Technology by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,651,879 shares of the company’s stock worth $85,734,000 after buying an additional 30,522 shares during the last quarter. Tiger Pacific Capital LP raised its holdings in shares of Qifu Technology by 10.0% in the 4th quarter. Tiger Pacific Capital LP now owns 2,870,710 shares of the company’s stock worth $45,415,000 after acquiring an additional 260,306 shares during the last quarter. Norges Bank bought a new position in Qifu Technology in the 4th quarter valued at about $37,128,000. Dimensional Fund Advisors LP increased its holdings in Qifu Technology by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,193,893 shares of the company’s stock worth $43,262,000 after purchasing an additional 109,809 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings 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 purchasing an additional 1,174,824 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

Qifu Technology Stock Up 3.9 %

QFIN stock opened at $29.58 on Friday. The firm has a market capitalization of $4.77 billion, a PE ratio of 7.66, a P/E/G ratio of 0.44 and a beta of 0.61. Qifu Technology, Inc. has a twelve month low of $13.68 and a twelve month high of $29.69. The stock’s 50 day moving average is $23.35 and its 200-day moving average is $20.80.

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

Qifu Technology Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be given a $0.60 dividend. This represents a yield of 4.7%. This is an increase from Qifu Technology’s previous semi-annual dividend of $0.57. The ex-dividend date of this dividend is Friday, September 27th. Qifu Technology’s dividend payout ratio is presently 30.57%.

Qifu Technology Company 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.