abrdn plc Grows Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

abrdn plc grew its position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 23.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 146,416 shares of the company's stock after buying an additional 27,481 shares during the period. abrdn plc owned 0.09% of Qifu Technology worth $4,355,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. USA Financial Formulas purchased a new position in Qifu Technology in the third quarter worth $41,000. Ashton Thomas Private Wealth LLC acquired a new position in Qifu Technology during the 2nd quarter valued at about $31,000. Blue Trust Inc. raised its stake in Qifu Technology by 598.4% in the second quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock valued at $32,000 after buying an additional 1,484 shares during the last quarter. Signaturefd LLC boosted its holdings in Qifu Technology by 67.3% in the second quarter. Signaturefd LLC now owns 7,283 shares of the company's stock worth $144,000 after acquiring an additional 2,931 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Qifu Technology during the third quarter worth about $227,000. Institutional investors own 74.81% of the company's stock.

Qifu Technology Price Performance

NASDAQ:QFIN traded up $0.36 during trading hours on Monday, hitting $32.94. 684,457 shares of the company were exchanged, compared to its average volume of 1,301,080. The company's 50 day moving average price is $29.31 and its 200-day moving average price is $23.39. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 0.44 and a beta of 0.61. Qifu Technology, Inc. has a 52-week low of $13.71 and a 52-week high of $35.23.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.23. The company had revenue of $572.44 million during the quarter, compared to analysts' expectations of $582.69 million. Qifu Technology had a return on equity of 21.82% and a net margin of 28.06%. On average, equities 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 given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from Qifu Technology's previous semi-annual dividend of $0.57. This represents a yield of 4.7%. Qifu Technology's dividend payout ratio (DPR) is currently 28.37%.

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.