Axa S.A. Takes $1.33 Million Position in Qifu Technology, Inc. (NASDAQ:QFIN)

AXA S.A. purchased a new stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 67,271 shares of the company's stock, valued at approximately $1,327,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC grew its stake in 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 buying an additional 1,174,824 shares during the last quarter. Principal Financial Group Inc. bought a new position in Qifu Technology during the 1st quarter worth $19,995,000. Prudential PLC grew its stake in Qifu Technology by 634.1% during the 2nd quarter. Prudential PLC now owns 956,998 shares of the company's stock worth $18,882,000 after buying an additional 826,631 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Qifu Technology by 557.5% in the second quarter. Marshall Wace LLP now owns 776,457 shares of the company's stock worth $15,319,000 after purchasing an additional 658,366 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new position in shares of Qifu Technology in the second quarter worth $8,639,000. 74.81% of the stock is owned by institutional investors and hedge funds.

Qifu Technology Stock Performance

Shares of NASDAQ:QFIN traded up $2.30 on Wednesday, hitting $33.16. The company's stock had a trading volume of 3,433,411 shares, compared to its average volume of 1,291,971. Qifu Technology, Inc. has a 12 month low of $13.68 and a 12 month high of $33.19. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 0.51 and a beta of 0.62. The stock's 50-day moving average is $24.00 and its two-hundred day moving average is $21.11.

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

Qifu Technology Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a dividend of $0.60 per share. 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 30.57%.

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.