SG Americas Securities LLC Has $91,000 Position in FinVolution Group (NYSE:FINV)

SG Americas Securities LLC lessened its holdings in FinVolution Group (NYSE:FINV) by 85.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,796 shares of the company’s stock after selling 84,056 shares during the quarter. SG Americas Securities LLC’s holdings in FinVolution Group were worth $91,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vicus Capital purchased a new position in FinVolution Group during the 1st quarter valued at about $63,000. Russell Investments Group Ltd. grew its position in FinVolution Group by 155.9% during the first quarter. Russell Investments Group Ltd. now owns 503,756 shares of the company’s stock valued at $2,539,000 after purchasing an additional 306,903 shares in the last quarter. D Orazio & Associates Inc. increased its stake in FinVolution Group by 23.7% in the 1st quarter. D Orazio & Associates Inc. now owns 22,318 shares of the company’s stock valued at $112,000 after buying an additional 4,276 shares during the period. O Shaughnessy Asset Management LLC lifted its position in FinVolution Group by 54.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 713,690 shares of the company’s stock worth $3,597,000 after buying an additional 250,967 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of FinVolution Group during the 1st quarter valued at $80,000. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Stock Up 1.5 %

FinVolution Group stock opened at $6.17 on Tuesday. FinVolution Group has a 12 month low of $4.22 and a 12 month high of $7.24. The stock has a market cap of $1.64 billion, a P/E ratio of 5.61 and a beta of 0.45. The company’s fifty day simple moving average is $5.76 and its 200-day simple moving average is $5.26.

FinVolution Group (NYSE:FINV) last issued its earnings results on Tuesday, August 20th. The company reported $0.30 earnings per share for the quarter. FinVolution Group had a return on equity of 16.57% and a net margin of 17.00%. The company had revenue of $435.93 million for the quarter.

FinVolution Group Company 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.