Qifu Technology, Inc. (NASDAQ:QFIN) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. cut its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 32.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,700 shares of the company's stock after selling 45,771 shares during the quarter. APG Asset Management N.V. owned 0.06% of Qifu Technology worth $1,780,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Qifu Technology by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,651,879 shares of the company's stock worth $85,734,000 after purchasing an additional 30,522 shares during the period. Tiger Pacific Capital LP grew its stake in shares of Qifu Technology by 10.0% during the 4th quarter. Tiger Pacific Capital LP now owns 2,870,710 shares of the company's stock worth $45,415,000 after purchasing an additional 260,306 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Qifu Technology by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,193,893 shares of the company's stock worth $43,262,000 after purchasing an additional 109,809 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Qifu Technology during the 2nd quarter worth approximately $25,560,000. Finally, Acadian Asset Management LLC grew its stake in shares of Qifu Technology by 1,789.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company's stock worth $24,450,000 after purchasing an additional 1,174,824 shares during the period. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qifu Technology Stock Up 3.5 %

Shares of NASDAQ QFIN traded up $1.05 during midday trading on Tuesday, reaching $30.86. 2,665,513 shares of the stock were exchanged, compared to its average volume of 1,277,838. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.47 and a beta of 0.61. Qifu Technology, Inc. has a twelve month low of $13.68 and a twelve month high of $31.82. The firm has a 50-day simple moving average of $23.76 and a two-hundred day simple moving average of $21.03.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.23. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. The business had revenue of $572.44 million for the quarter, compared to analysts' expectations of $582.69 million. Research analysts expect that Qifu Technology, Inc. will post 4.94 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a $0.60 dividend. The ex-dividend date is Friday, September 27th. This represents a yield of 4.7%. This is a boost from Qifu Technology's previous semi-annual dividend of $0.57. Qifu Technology's dividend payout ratio (DPR) is currently 29.53%.

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.