Qifu Technology, Inc. (NASDAQ:QFIN) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 19.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 762,700 shares of the company's stock after selling 189,300 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.47% of Qifu Technology worth $15,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Qifu Technology by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,651,879 shares of the company's stock valued at $85,734,000 after acquiring an additional 30,522 shares during the period. Tiger Pacific Capital LP lifted its stake in shares of Qifu Technology by 10.0% during the fourth 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Qifu Technology by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,193,893 shares of the company's stock worth $43,262,000 after buying an additional 109,809 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Qifu Technology in the second quarter valued at about $25,560,000. Finally, Acadian Asset Management LLC raised its holdings 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 valued at $24,450,000 after buying an additional 1,174,824 shares during the period. Institutional investors and hedge funds own 74.81% of the company's stock.

Qifu Technology Trading Up 3.9 %

NASDAQ:QFIN traded up $1.24 during trading hours on Friday, hitting $33.16. The stock had a trading volume of 991,521 shares, compared to its average volume of 1,294,462. The company has a market cap of $5.35 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 0.51 and a beta of 0.62. The business has a 50 day simple moving average of $24.80 and a two-hundred day simple moving average of $21.38. Qifu Technology, Inc. has a 1-year low of $13.68 and a 1-year high of $33.19.

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

Qifu Technology Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Qifu Technology's previous semi-annual dividend of $0.57. This represents a yield of 4.7%. Qifu Technology's payout ratio is currently 30.57%.

About Qifu Technology

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.