Mitsubishi UFJ Trust & Banking Corp grew its holdings in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 243,125 shares of the company's stock after purchasing an additional 29,618 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.15% of Qifu Technology worth $9,331,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in QFIN. Wrapmanager Inc. increased its position in shares of Qifu Technology by 4.1% in the 4th quarter. Wrapmanager Inc. now owns 7,554 shares of the company's stock valued at $290,000 after buying an additional 296 shares in the last quarter. Global Retirement Partners LLC increased its stake in Qifu Technology by 80.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock worth $45,000 after purchasing an additional 518 shares in the last quarter. DGS Capital Management LLC increased its stake in Qifu Technology by 5.9% during the 4th quarter. DGS Capital Management LLC now owns 11,413 shares of the company's stock worth $438,000 after purchasing an additional 631 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Qifu Technology during the 4th quarter worth approximately $29,000. Finally, Lester Murray Antman dba SimplyRich lifted its stake in Qifu Technology by 5.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 14,288 shares of the company's stock valued at $548,000 after buying an additional 768 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company's stock.
Analyst Ratings Changes
Separately, Bank of America boosted their price target on shares of Qifu Technology from $50.66 to $52.70 and gave the stock a "buy" rating in a research report on Wednesday, March 26th.
Read Our Latest Analysis on Qifu Technology
Qifu Technology Price Performance
Qifu Technology stock traded down $2.33 during mid-day trading on Thursday, hitting $43.54. 698,866 shares of the company's stock traded hands, compared to its average volume of 1,434,355. The firm has a 50 day simple moving average of $42.62 and a two-hundred day simple moving average of $37.20. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.32 and a beta of 0.59. Qifu Technology, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $48.94.
Qifu Technology (NASDAQ:QFIN - Get Free Report) last released its quarterly earnings results on Sunday, March 16th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.68 by $0.14. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. The business had revenue of $613.89 million for the quarter, compared to the consensus estimate of $581.67 million. On average, research analysts anticipate that Qifu Technology, Inc. will post 5.71 earnings per share for the current fiscal year.
Qifu Technology Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, April 23rd will be given 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 dividend payout ratio (DPR) is presently 23.79%.
Qifu Technology Profile
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Free Report)
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.
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