Charles Schwab Investment Management Inc. Sells 7,448 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 128,920 shares of the company’s stock after selling 7,448 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Qifu Technology were worth $4,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in QFIN. Geode Capital Management LLC raised its holdings in shares of Qifu Technology by 3.2% in the third quarter. Geode Capital Management LLC now owns 1,309,635 shares of the company’s stock valued at $38,866,000 after purchasing an additional 41,139 shares during the last quarter. Natixis Advisors LLC purchased a new position in shares of Qifu Technology in the third quarter valued at $654,000. Asset Management One Co. Ltd. increased its position in shares of Qifu Technology by 66.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,873 shares of the company’s stock valued at $1,255,000 after buying an additional 13,170 shares during the period. Sanctuary Advisors LLC bought a new stake in Qifu Technology during the 3rd quarter worth approximately $1,061,000. Finally, Point72 Hong Kong Ltd increased its holdings in shares of Qifu Technology by 443.0% in the third quarter. Point72 Hong Kong Ltd now owns 535,498 shares of the company’s stock worth $15,963,000 after purchasing an additional 436,882 shares during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qifu Technology Stock Down 0.5 %

NASDAQ:QFIN opened at $44.23 on Wednesday. The business’s 50-day moving average price is $41.69 and its two-hundred day moving average price is $36.40. The stock has a market cap of $6.97 billion, a P/E ratio of 8.95, a PEG ratio of 0.32 and a beta of 0.59. Qifu Technology, Inc. has a twelve month low of $17.76 and a twelve month high of $48.81.

Qifu Technology (NASDAQ:QFIN) last released its quarterly earnings results on Sunday, March 16th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.14. The business had revenue of $613.89 million for the quarter, compared to the consensus estimate of $581.67 million. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. On average, equities research analysts expect that Qifu Technology, Inc. will post 5.71 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, April 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This is an increase from Qifu Technology’s previous semi-annual dividend of $0.60. This represents a yield of 2.5%. Qifu Technology’s payout ratio is currently 23.79%.

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.