Swedbank AB Has $22.49 Million Stake in Qifu Technology, Inc. (NASDAQ:QFIN)

Swedbank AB increased its holdings in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 156.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 754,300 shares of the company's stock after buying an additional 459,700 shares during the period. Swedbank AB owned 0.47% of Qifu Technology worth $22,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in Qifu Technology in the second quarter valued at approximately $31,000. Blue Trust Inc. raised its position in Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock valued at $32,000 after purchasing an additional 1,484 shares in the last quarter. USA Financial Formulas acquired a new position in Qifu Technology during the third quarter valued at approximately $41,000. Janiczek Wealth Management LLC raised its position in Qifu Technology by 131.4% during the first quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company's stock valued at $44,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Signaturefd LLC raised its position in Qifu Technology by 67.3% during the second quarter. Signaturefd LLC now owns 7,283 shares of the company's stock valued at $144,000 after purchasing an additional 2,931 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Price Performance

QFIN traded down $0.47 during trading on Thursday, hitting $32.03. 727,067 shares of the stock traded hands, compared to its average volume of 1,297,356. Qifu Technology, Inc. has a twelve month low of $13.68 and a twelve month high of $33.72. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.43 and a beta of 0.62. The business has a 50 day moving average price of $26.81 and a 200 day moving average price of $22.14.

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

Qifu Technology Increases Dividend

The firm also recently disclosed 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. This is a boost from Qifu Technology's previous semi-annual dividend of $0.57. The ex-dividend date is Friday, September 27th. This represents a dividend 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.