The Manufacturers Life Insurance Company Purchases 2,844 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

The Manufacturers Life Insurance Company increased its holdings in Qifu Technology, Inc. (NASDAQ:QFIN) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 421,578 shares of the company’s stock after acquiring an additional 2,844 shares during the period. The Manufacturers Life Insurance Company owned about 0.26% of Qifu Technology worth $8,318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in Qifu Technology in the 2nd quarter valued at $31,000. Blue Trust Inc. grew its position in Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock valued at $32,000 after buying an additional 1,484 shares during the period. Parallel Advisors LLC increased its holdings in Qifu Technology by 83.9% during the fourth quarter. Parallel Advisors LLC now owns 2,426 shares of the company’s stock worth $38,000 after buying an additional 1,107 shares during the last quarter. Janiczek Wealth Management LLC raised its position in Qifu Technology by 131.4% in the first quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company’s stock worth $44,000 after acquiring an additional 1,355 shares during the period. Finally, Barometer Capital Management Inc. purchased a new position in Qifu Technology in the fourth quarter valued at about $127,000. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qifu Technology Stock Up 3.9 %

Qifu Technology stock opened at $33.16 on Friday. The company has a market capitalization of $5.35 billion, a P/E ratio of 8.59, a P/E/G ratio of 0.51 and a beta of 0.62. The firm has a 50 day moving average price of $24.80 and a 200-day moving average price of $21.38. Qifu Technology, Inc. has a twelve month low of $13.68 and a twelve month high of $33.19.

Qifu Technology (NASDAQ:QFIN) last released its earnings results 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. Qifu Technology had a return on equity of 21.82% and a net margin of 28.06%. The business had revenue of $572.44 million during the quarter, compared to the consensus estimate of $582.69 million. Equities analysts expect that Qifu Technology, Inc. will post 4.94 EPS for the current fiscal year.

Qifu Technology Increases Dividend

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

About Qifu Technology

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.