OVERSEA CHINESE BANKING Corp Ltd Sells 38,732 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

OVERSEA CHINESE BANKING Corp Ltd trimmed its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,829 shares of the company's stock after selling 38,732 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Qifu Technology were worth $2,718,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Jones Financial Companies Lllp bought a new stake in shares of Qifu Technology during the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in Qifu Technology in the third quarter valued at about $30,000. Advisors Preferred LLC acquired a new position in Qifu Technology in the fourth quarter valued at about $41,000. Point72 DIFC Ltd bought a new position in Qifu Technology during the third quarter worth about $43,000. Finally, Global Retirement Partners LLC grew its position in shares of Qifu Technology by 80.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock worth $45,000 after buying an additional 518 shares during the period. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Trading Down 1.0 %

Shares of NASDAQ:QFIN traded down $0.44 during mid-day trading on Monday, reaching $44.45. The stock had a trading volume of 1,609,702 shares, compared to its average volume of 1,315,515. The firm has a 50 day simple moving average of $41.37 and a two-hundred day simple moving average of $36.12. Qifu Technology, Inc. has a twelve month low of $17.76 and a twelve month high of $48.81. The firm has a market cap of $7.01 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 0.32 and a beta of 0.59.

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Qifu Technology (NASDAQ:QFIN - Get Free Report) last posted its earnings results on Sunday, March 16th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.14. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. The company had revenue of $613.89 million for the quarter, compared to analyst estimates of $581.67 million. On average, equities analysts anticipate that Qifu Technology, Inc. will post 5.71 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This is a positive change from Qifu Technology's previous semi-annual dividend of $0.60. This represents a yield of 2.5%. Qifu Technology's payout ratio is currently 20.34%.

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.