Sei Investments Co. Raises Stake in Qifu Technology, Inc. (NASDAQ:QFIN)

Sei Investments Co. lifted its stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 115.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,059 shares of the company's stock after purchasing an additional 19,327 shares during the period. Sei Investments Co.'s holdings in Qifu Technology were worth $711,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ increased its holdings in Qifu Technology by 19.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 26,500 shares of the company's stock valued at $523,000 after buying an additional 4,300 shares in the last quarter. Intech Investment Management LLC purchased a new position in Qifu Technology in the 2nd quarter valued at about $304,000. XTX Topco Ltd acquired a new stake in Qifu Technology during the second quarter worth approximately $215,000. Seven Eight Capital LP acquired a new position in Qifu Technology in the 2nd quarter valued at $805,000. Finally, Hsbc Holdings PLC lifted its stake in shares of Qifu Technology by 9.8% during the 2nd quarter. Hsbc Holdings PLC now owns 424,904 shares of the company's stock worth $8,377,000 after purchasing an additional 37,948 shares during the period. Hedge funds and other institutional investors own 74.81% of the company's stock.

Qifu Technology Trading Up 1.3 %

QFIN traded up $0.42 during midday trading on Wednesday, hitting $31.54. The company's stock had a trading volume of 1,458,844 shares, compared to its average volume of 1,301,399. Qifu Technology, Inc. has a 52-week low of $13.68 and a 52-week high of $33.72. The firm has a 50-day moving average price of $25.28 and a two-hundred day moving average price of $21.58. The firm has a market cap of $5.09 billion, a P/E ratio of 8.22, a PEG ratio of 0.45 and a beta of 0.62.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $572.44 million during the quarter, compared to the consensus estimate of $582.69 million. On average, equities analysts expect that Qifu Technology, Inc. will post 5.08 EPS for the current year.

Qifu Technology Increases Dividend

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

Qifu Technology Company 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.