Schroder Investment Management Group Takes $5.30 Million Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

Schroder Investment Management Group bought a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 900,041 shares of the company's stock, valued at approximately $5,301,000. Schroder Investment Management Group owned approximately 0.55% of LexinFintech at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LX. Sanctuary Advisors LLC bought a new stake in shares of LexinFintech during the fourth quarter worth approximately $1,332,000. Public Employees Retirement System of Ohio bought a new stake in shares of LexinFintech during the third quarter worth approximately $467,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of LexinFintech during the fourth quarter worth approximately $445,000. Y Intercept Hong Kong Ltd bought a new stake in shares of LexinFintech during the fourth quarter worth approximately $363,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of LexinFintech during the fourth quarter worth approximately $29,000.

Wall Street Analyst Weigh In

Separately, UBS Group set a $13.60 price target on shares of LexinFintech and gave the stock a "buy" rating in a research note on Friday, March 21st.

LexinFintech Trading Up 5.7 %

NASDAQ:LX traded up $0.39 during trading hours on Thursday, hitting $7.21. The stock had a trading volume of 1,515,714 shares, compared to its average volume of 2,726,744. LexinFintech Holdings Ltd. has a one year low of $1.56 and a one year high of $11.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 11.44 and a beta of 0.32. The business's 50 day moving average is $9.00 and its 200-day moving average is $6.20.

LexinFintech (NASDAQ:LX - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The firm had revenue of $501.26 million during the quarter.

LexinFintech Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be issued a $0.11 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, April 17th. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio is 18.89%.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.