Canada Pension Plan Investment Board bought a new stake in shares of FinVolution Group (NYSE:FINV – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 217,800 shares of the company’s stock, valued at approximately $1,039,000. Canada Pension Plan Investment Board owned approximately 0.08% of FinVolution Group at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. SYM FINANCIAL Corp acquired a new position in shares of FinVolution Group during the second quarter worth $54,000. Vicus Capital acquired a new position in FinVolution Group in the 1st quarter worth $63,000. SVB Wealth LLC purchased a new position in FinVolution Group in the 1st quarter valued at about $80,000. Ballentine Partners LLC grew its stake in shares of FinVolution Group by 62.7% during the first quarter. Ballentine Partners LLC now owns 18,481 shares of the company’s stock valued at $93,000 after acquiring an additional 7,123 shares in the last quarter. Finally, D Orazio & Associates Inc. increased its position in shares of FinVolution Group by 23.7% during the first quarter. D Orazio & Associates Inc. now owns 22,318 shares of the company’s stock worth $112,000 after acquiring an additional 4,276 shares during the last quarter. 31.15% of the stock is owned by hedge funds and other institutional investors.
FinVolution Group Stock Performance
NYSE:FINV opened at $6.02 on Friday. FinVolution Group has a one year low of $4.22 and a one year high of $6.08. The business’s 50-day simple moving average is $5.41 and its 200 day simple moving average is $5.08. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 5.52 and a beta of 0.43.
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.
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