O Shaughnessy Asset Management LLC boosted its position in FinVolution Group (NYSE:FINV - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,037,878 shares of the company's stock after purchasing an additional 108,495 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.39% of FinVolution Group worth $7,047,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Leading Securities Co Ltd bought a new stake in shares of FinVolution Group during the fourth quarter valued at about $14,091,000. Norges Bank bought a new position in FinVolution Group in the 4th quarter valued at about $6,360,000. Arrowstreet Capital Limited Partnership increased its stake in FinVolution Group by 20.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,217,497 shares of the company's stock valued at $15,057,000 after buying an additional 379,025 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of FinVolution Group by 496.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 418,477 shares of the company's stock worth $2,841,000 after buying an additional 348,276 shares in the last quarter. Finally, Walleye Capital LLC lifted its stake in shares of FinVolution Group by 134.4% in the 3rd quarter. Walleye Capital LLC now owns 476,294 shares of the company's stock worth $2,943,000 after acquiring an additional 273,055 shares during the period. 31.15% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Citigroup upgraded shares of FinVolution Group from a "neutral" rating to a "buy" rating and raised their price objective for the company from $6.00 to $11.00 in a research note on Tuesday, March 18th. UBS Group reaffirmed a "neutral" rating and set a $11.80 price target (up from $7.80) on shares of FinVolution Group in a research note on Thursday, March 20th.
View Our Latest Research Report on FinVolution Group
FinVolution Group Stock Down 10.1 %
FinVolution Group stock traded down $0.98 during midday trading on Friday, hitting $8.75. The company's stock had a trading volume of 1,280,152 shares, compared to its average volume of 747,752. FinVolution Group has a 12 month low of $4.63 and a 12 month high of $11.08. The company has a market capitalization of $2.32 billion, a PE ratio of 7.54 and a beta of 0.32. The stock's 50-day moving average price is $8.69 and its 200-day moving average price is $7.26.
FinVolution Group (NYSE:FINV - Get Free Report) last released its earnings results on Monday, March 17th. The company reported $0.38 EPS for the quarter. The business had revenue of $473.57 million for the quarter. FinVolution Group had a net margin of 17.36% and a return on equity of 16.66%.
FinVolution Group Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.277 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This is a positive change from FinVolution Group's previous annual dividend of $0.24. This represents a dividend yield of 2%. FinVolution Group's dividend payout ratio (DPR) is currently 16.80%.
FinVolution Group declared that its board has authorized a share buyback plan on Monday, March 17th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 6.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
About FinVolution Group
(
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.
Featured Articles
Before you consider FinVolution Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FinVolution Group wasn't on the list.
While FinVolution Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
