UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 169,344 Shares of FinVolution Group (NYSE:FINV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of FinVolution Group (NYSE:FINV) by 51.9% in the third quarter, HoldingsChannel.com reports. The firm owned 495,788 shares of the company’s stock after purchasing an additional 169,344 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in FinVolution Group were worth $3,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SYM FINANCIAL Corp bought a new stake in FinVolution Group in the 2nd quarter worth about $54,000. Blue Trust Inc. lifted its holdings in FinVolution Group by 246.8% during the third quarter. Blue Trust Inc. now owns 15,754 shares of the company’s stock worth $97,000 after acquiring an additional 11,211 shares during the period. D Orazio & Associates Inc. boosted its position in FinVolution Group by 17.2% in the second quarter. D Orazio & Associates Inc. now owns 26,150 shares of the company’s stock worth $125,000 after purchasing an additional 3,832 shares during the last quarter. Dark Forest Capital Management LP bought a new position in FinVolution Group in the 2nd quarter valued at $139,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of FinVolution Group by 38.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 39,891 shares of the company’s stock valued at $188,000 after purchasing an additional 11,177 shares during the last quarter. 31.15% of the stock is owned by hedge funds and other institutional investors.

FinVolution Group Stock Down 1.0 %

Shares of FINV stock opened at $6.80 on Friday. The firm has a market cap of $1.80 billion, a P/E ratio of 5.86 and a beta of 0.48. The company has a 50 day moving average of $6.31 and a 200-day moving average of $5.60. FinVolution Group has a 12-month low of $4.45 and a 12-month high of $7.29.

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.