Mirae Asset Global Investments Co. Ltd. Sells 24,897 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Mirae Asset Global Investments Co. Ltd. decreased its position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 37.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,974 shares of the company's stock after selling 24,897 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Qifu Technology were worth $1,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of QFIN. USA Financial Formulas acquired a new stake in Qifu Technology in the 3rd quarter valued at approximately $41,000. Ashton Thomas Private Wealth LLC bought a new position in Qifu Technology during the second quarter worth $31,000. Blue Trust Inc. increased 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 worth $32,000 after acquiring an additional 1,484 shares during the period. Signaturefd LLC boosted its holdings in Qifu Technology by 67.3% in the 2nd quarter. Signaturefd LLC now owns 7,283 shares of the company's stock valued at $144,000 after purchasing an additional 2,931 shares during the period. Finally, IFM Investors Pty Ltd acquired a new stake in Qifu Technology in the 3rd quarter worth $227,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Stock Performance

Shares of NASDAQ:QFIN traded down $0.23 on Friday, hitting $32.58. 971,755 shares of the company were exchanged, compared to its average volume of 1,396,536. The company's 50 day moving average price is $29.31 and its two-hundred day moving average price is $23.31. Qifu Technology, Inc. has a one year low of $13.71 and a one year high of $35.23. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 0.44 and a beta of 0.61.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last posted 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. Qifu Technology had a return on equity of 21.82% and a net margin of 28.06%. The firm had revenue of $572.44 million during the quarter, compared to analysts' expectations of $582.69 million. 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 declared a semi-annual dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, September 27th were issued a $0.60 dividend. This represents a yield of 4.7%. The ex-dividend date was Friday, September 27th. This is a positive change from Qifu Technology's previous semi-annual dividend of $0.57. Qifu Technology's payout ratio is 28.37%.

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.