Commonwealth Equity Services LLC acquired a new stake in shares of FinVolution Group (NYSE:FINV – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 56,615 shares of the company’s stock, valued at approximately $270,000.
Several other large investors also recently added to or reduced their stakes in the business. Vicus Capital bought a new stake in FinVolution Group during the first quarter worth about $63,000. SVB Wealth LLC bought a new stake in FinVolution Group during the first quarter worth about $80,000. Ballentine Partners LLC lifted its stake in FinVolution Group by 62.7% during the first quarter. Ballentine Partners LLC now owns 18,481 shares of the company’s stock worth $93,000 after purchasing an additional 7,123 shares during the last quarter. D Orazio & Associates Inc. lifted its stake in 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 purchasing an additional 4,276 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in FinVolution Group by 28.9% during the first quarter. Kathmere Capital Management LLC now owns 35,465 shares of the company’s stock worth $179,000 after purchasing an additional 7,946 shares during the last quarter. Institutional investors own 31.15% of the company’s stock.
FinVolution Group Stock Up 3.5 %
Shares of FINV stock opened at $5.65 on Wednesday. The business has a 50-day moving average price of $5.34 and a two-hundred day moving average price of $5.06. FinVolution Group has a 12-month low of $4.22 and a 12-month high of $5.80. The firm has a market cap of $1.50 billion, a P/E ratio of 5.18 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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