Barclays PLC Raises Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Barclays PLC raised its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 36.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,326 shares of the company's stock after acquiring an additional 38,593 shares during the period. Barclays PLC owned approximately 0.09% of Qifu Technology worth $5,577,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Qifu Technology in the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Qifu Technology during the 3rd quarter valued at about $30,000. Advisors Preferred LLC acquired a new position in Qifu Technology in the 4th quarter valued at about $41,000. Global Retirement Partners LLC grew its stake in shares of Qifu Technology by 80.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock valued at $45,000 after buying an additional 518 shares during the period. Finally, BOCHK Asset Management Ltd acquired a new stake in shares of Qifu Technology during the 4th quarter worth approximately $46,000. 74.81% of the stock is owned by institutional investors and hedge funds.

Qifu Technology Trading Up 0.1 %

NASDAQ QFIN traded up $0.05 during trading hours on Tuesday, reaching $40.54. The company had a trading volume of 1,045,160 shares, compared to its average volume of 1,548,638. The stock has a market capitalization of $6.39 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.32 and a beta of 0.53. The stock has a 50-day moving average of $40.96 and a 200 day moving average of $38.40. Qifu Technology, Inc. has a 1-year low of $18.13 and a 1-year high of $48.94.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its earnings results on Sunday, March 16th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.14. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. The company had revenue of $613.89 million for the quarter, compared to analyst estimates of $581.67 million. As a group, sell-side analysts predict that Qifu Technology, Inc. will post 5.71 EPS for the current year.

Qifu Technology Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, April 23rd will be issued a $0.70 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 2.5%. This is a boost from Qifu Technology's previous semi-annual dividend of $0.60. Qifu Technology's payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

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

Qifu Technology 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.