Aware Super Pty Ltd as trustee of Aware Super Buys Shares of 114,542 Qifu Technology, Inc. (NASDAQ:QFIN)

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 114,542 shares of the company's stock, valued at approximately $4,396,000. Aware Super Pty Ltd as trustee of Aware Super owned 0.07% of Qifu Technology at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its holdings in Qifu Technology by 5.8% during the 3rd quarter. State Street Corp now owns 2,324,831 shares of the company's stock worth $70,637,000 after acquiring an additional 128,381 shares during the period. Wolverine Trading LLC bought a new stake in Qifu Technology in the third quarter worth approximately $253,000. Wellington Management Group LLP boosted its holdings in shares of Qifu Technology by 238.8% during the 3rd quarter. Wellington Management Group LLP now owns 229,908 shares of the company's stock worth $6,854,000 after buying an additional 162,043 shares in the last quarter. XTX Topco Ltd grew its position in shares of Qifu Technology by 9.1% during the 3rd quarter. XTX Topco Ltd now owns 11,913 shares of the company's stock worth $355,000 after buying an additional 997 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Qifu Technology by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,309,635 shares of the company's stock valued at $38,866,000 after acquiring an additional 41,139 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Bank of America increased their target price on shares of Qifu Technology from $50.66 to $52.70 and gave the stock a "buy" rating in a research note on Wednesday, March 26th.

Qifu Technology Trading Down 2.5 %

Qifu Technology stock traded down $0.92 during midday trading on Friday, reaching $35.62. The stock had a trading volume of 1,392,952 shares, compared to its average volume of 1,535,131. The company has a fifty day moving average price of $41.67 and a two-hundred day moving average price of $38.00. The company has a market capitalization of $5.61 billion, a P/E ratio of 7.21, a PEG ratio of 0.32 and a beta of 0.53. Qifu Technology, Inc. has a 12 month low of $17.95 and a 12 month high of $48.94.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last issued its earnings results on Sunday, March 16th. The company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.14. The company had revenue of $613.89 million for the quarter, compared to analyst estimates 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 predict that Qifu Technology, Inc. will post 5.71 earnings per share for the current fiscal year.

Qifu Technology Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, April 23rd will be paid a $0.70 dividend. This represents a dividend yield of 2.5%. 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. Qifu Technology's payout ratio is presently 23.79%.

About Qifu Technology

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.