Allspring Global Investments Holdings LLC decreased its holdings in shares of FinVolution Group (NYSE:FINV - Free Report) by 36.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,252,110 shares of the company's stock after selling 2,992,862 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.98% of FinVolution Group worth $32,458,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position in shares of FinVolution Group by 12.5% in the second quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company's stock valued at $13,634,000 after purchasing an additional 317,682 shares during the period. Dimensional Fund Advisors LP boosted its position in FinVolution Group by 16.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company's stock worth $10,689,000 after buying an additional 315,366 shares during the period. O Shaughnessy Asset Management LLC boosted its position in FinVolution Group by 54.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 713,690 shares of the company's stock worth $3,597,000 after buying an additional 250,967 shares during the period. American Century Companies Inc. lifted its position in shares of FinVolution Group by 5.9% in the 2nd quarter. American Century Companies Inc. now owns 699,574 shares of the company's stock worth $3,337,000 after purchasing an additional 39,252 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of FinVolution Group by 155.9% in the 1st quarter. Russell Investments Group Ltd. now owns 503,756 shares of the company's stock worth $2,539,000 after purchasing an additional 306,903 shares during the period. 31.15% of the stock is owned by institutional investors.
FinVolution Group Stock Performance
Shares of NYSE FINV remained flat at $6.04 during midday trading on Thursday. 398,540 shares of the stock were exchanged, compared to its average volume of 724,427. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 5.50 and a beta of 0.45. FinVolution Group has a 1 year low of $4.22 and a 1 year high of $7.24. The firm has a fifty day simple moving average of $5.74 and a 200 day simple moving average of $5.24.
FinVolution Group (NYSE:FINV - Get Free Report) last released its earnings results on Tuesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter. FinVolution Group had a net margin of 17.00% and a return on equity of 16.57%. The company had revenue of $435.93 million for the quarter.
FinVolution Group Profile
(
Free Report)
FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.
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