abrdn plc boosted its holdings in Qifu Technology, Inc. (NASDAQ:QFIN – Free Report) by 23.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,416 shares of the company’s stock after acquiring an additional 27,481 shares during the quarter. abrdn plc owned 0.09% of Qifu Technology worth $4,355,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Qifu Technology in the 2nd quarter worth approximately $31,000. Blue Trust Inc. raised its stake in Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after acquiring an additional 1,484 shares in the last quarter. USA Financial Formulas acquired a new position in Qifu Technology during the third quarter worth $41,000. Signaturefd LLC lifted its holdings in shares of Qifu Technology by 67.3% during the second quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock valued at $144,000 after acquiring an additional 2,931 shares during the period. Finally, SageView Advisory Group LLC acquired a new stake in shares of Qifu Technology in the 1st quarter valued at $186,000. Institutional investors own 74.81% of the company’s stock.
Qifu Technology Stock Down 0.7 %
Shares of Qifu Technology stock opened at $32.58 on Monday. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $35.23. The stock has a market capitalization of $5.26 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.44 and a beta of 0.61. The company has a 50-day simple moving average of $29.31 and a 200 day simple moving average of $23.39.
Qifu Technology Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, September 27th were issued a dividend of $0.60 per share. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Qifu Technology’s previous semi-annual dividend of $0.57. Qifu Technology’s dividend payout ratio is presently 28.37%.
Qifu Technology Company 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.
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