SG Americas Securities LLC lessened its position in shares of FinVolution Group (NYSE:FINV - Free Report) by 85.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,796 shares of the company's stock after selling 84,056 shares during the quarter. SG Americas Securities LLC's holdings in FinVolution Group were worth $91,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake 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 worth $13,634,000 after buying an additional 317,682 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in FinVolution Group by 16.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company's stock worth $10,689,000 after purchasing an additional 315,366 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of FinVolution Group by 54.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 713,690 shares of the company's stock valued at $3,597,000 after acquiring an additional 250,967 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of FinVolution Group by 5.9% during the second quarter. American Century Companies Inc. now owns 699,574 shares of the company's stock valued at $3,337,000 after acquiring an additional 39,252 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of FinVolution Group by 155.9% during the first quarter. Russell Investments Group Ltd. now owns 503,756 shares of the company's stock valued at $2,539,000 after acquiring an additional 306,903 shares during the last quarter. Hedge funds and other institutional investors own 31.15% of the company's stock.
FinVolution Group Stock Down 1.6 %
Shares of FinVolution Group stock traded down $0.10 during mid-day trading on Tuesday, reaching $6.08. 236,338 shares of the stock traded hands, compared to its average volume of 718,446. The business has a 50-day moving average of $5.76 and a 200 day moving average of $5.26. FinVolution Group has a fifty-two week low of $4.22 and a fifty-two week high of $7.24. The stock has a market capitalization of $1.61 billion, a PE ratio of 5.66 and a beta of 0.45.
FinVolution Group (NYSE:FINV - Get Free Report) last announced its earnings results on Tuesday, August 20th. The company reported $0.30 EPS for the quarter. FinVolution Group had a return on equity of 16.57% and a net margin of 17.00%. The business had revenue of $435.93 million during 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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