Barclays PLC lowered its stake in shares of FinVolution Group (NYSE:FINV - Free Report) by 98.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,137 shares of the company's stock after selling 436,152 shares during the period. Barclays PLC's holdings in FinVolution Group were worth $44,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in FinVolution Group by 4.4% during the third quarter. Geode Capital Management LLC now owns 74,723 shares of the company's stock worth $462,000 after purchasing an additional 3,164 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of FinVolution Group in the 3rd quarter valued at $1,224,000. XTX Topco Ltd acquired a new position in FinVolution Group during the 3rd quarter worth about $346,000. Jane Street Group LLC boosted its holdings in FinVolution Group by 229.4% during the 3rd quarter. Jane Street Group LLC now owns 185,420 shares of the company's stock valued at $1,146,000 after acquiring an additional 129,138 shares during the period. Finally, State Street Corp grew its position in FinVolution Group by 8.3% in the 3rd quarter. State Street Corp now owns 3,496,614 shares of the company's stock valued at $21,609,000 after acquiring an additional 268,843 shares in the last quarter. Institutional investors and hedge funds own 31.15% of the company's stock.
FinVolution Group Stock Up 4.3 %
NYSE:FINV traded up $0.32 on Friday, reaching $7.66. 1,169,958 shares of the company's stock were exchanged, compared to its average volume of 559,469. The business has a fifty day moving average of $6.80 and a 200-day moving average of $6.05. FinVolution Group has a 52-week low of $4.45 and a 52-week high of $7.68. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 6.60 and a beta of 0.50.
FinVolution Group Profile
(
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.
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