25,755 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Purchased by Diversified Trust Co

Diversified Trust Co purchased a new position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,755 shares of the company's stock, valued at approximately $768,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in QFIN. Ashton Thomas Private Wealth LLC purchased a new position in shares of Qifu Technology in the second quarter worth $31,000. Blue Trust Inc. raised its holdings in shares of Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock worth $32,000 after purchasing an additional 1,484 shares during the last quarter. Janiczek Wealth Management LLC raised its holdings in shares of Qifu Technology by 131.4% during the first quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company's stock worth $44,000 after purchasing an additional 1,355 shares during the last quarter. Barometer Capital Management Inc. purchased a new position in shares of Qifu Technology during the fourth quarter worth $127,000. Finally, Signaturefd LLC raised its holdings in shares of Qifu Technology by 67.3% during the second quarter. Signaturefd LLC now owns 7,283 shares of the company's stock worth $144,000 after purchasing an additional 2,931 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company's stock.

Qifu Technology Price Performance

QFIN stock traded up $0.93 during midday trading on Thursday, hitting $32.47. 1,267,284 shares of the stock traded hands, compared to its average volume of 1,302,215. The firm has a market cap of $5.24 billion, a P/E ratio of 8.41, a PEG ratio of 0.45 and a beta of 0.62. The stock's fifty day simple moving average is $25.76 and its 200-day simple moving average is $21.73. Qifu Technology, Inc. has a 1-year low of $13.68 and a 1-year high of $33.72.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.99 by $0.23. The company had revenue of $572.44 million for the quarter, compared to analyst estimates of $582.69 million. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. On average, research analysts predict that Qifu Technology, Inc. will post 5.08 earnings per share for the current year.

Qifu Technology Increases Dividend

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