FinVolution Group (NYSE:FINV - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.38 EPS for the quarter, Zacks reports. The company had revenue of $473.57 million during the quarter. FinVolution Group had a return on equity of 16.66% and a net margin of 17.36%.
FinVolution Group Stock Performance
Shares of FINV stock traded up $0.04 on Friday, hitting $10.03. 833,544 shares of the stock traded hands, compared to its average volume of 717,289. FinVolution Group has a twelve month low of $4.63 and a twelve month high of $11.08. The firm's 50-day moving average price is $8.09 and its two-hundred day moving average price is $6.88. The stock has a market capitalization of $2.66 billion, a PE ratio of 8.63 and a beta of 0.47.
FinVolution Group Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.277 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a yield of 2%. This is a positive change from FinVolution Group's previous annual dividend of $0.24. FinVolution Group's payout ratio is 16.80%.
FinVolution Group announced that its Board of Directors has initiated a share repurchase program on Monday, March 17th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on FINV shares. Citigroup upgraded FinVolution Group from a "neutral" rating to a "buy" rating and raised their price objective for the company from $6.00 to $11.00 in a report on Tuesday. UBS Group reissued a "neutral" rating and issued a $11.80 price target (up from $7.80) on shares of FinVolution Group in a research note on Thursday.
View Our Latest Research Report on FINV
FinVolution Group Company Profile
(
Get Free Report)
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.
Read More
Before you consider FinVolution Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FinVolution Group wasn't on the list.
While FinVolution Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
