Robeco Institutional Asset Management B.V. Acquires 548,678 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Robeco Institutional Asset Management B.V. lifted its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 66.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,369,278 shares of the company's stock after acquiring an additional 548,678 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.85% of Qifu Technology worth $40,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. US Bancorp DE boosted its position in Qifu Technology by 16.5% in the third quarter. US Bancorp DE now owns 5,410 shares of the company's stock valued at $161,000 after buying an additional 765 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Qifu Technology by 1.1% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 97,036 shares of the company's stock valued at $1,915,000 after acquiring an additional 1,012 shares in the last quarter. Diversify Wealth Management LLC grew its position in Qifu Technology by 4.7% during the 3rd quarter. Diversify Wealth Management LLC now owns 28,389 shares of the company's stock worth $846,000 after acquiring an additional 1,284 shares during the last quarter. USA Financial Formulas acquired a new position in Qifu Technology in the 3rd quarter worth about $41,000. Finally, Blue Trust Inc. raised its position 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 purchasing an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company's stock.

Qifu Technology Stock Performance

Shares of NASDAQ:QFIN traded down $1.29 during midday trading on Wednesday, hitting $32.35. 906,096 shares of the stock were exchanged, compared to its average volume of 1,295,811. The business's 50-day moving average price is $29.74 and its 200 day moving average price is $23.67. Qifu Technology, Inc. has a 12 month low of $13.71 and a 12 month high of $35.23. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 7.78, a P/E/G ratio of 0.45 and a beta of 0.61.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.23. The firm had revenue of $572.44 million during the quarter, compared to analysts' expectations of $582.69 million. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. As a group, sell-side analysts expect that Qifu Technology, Inc. will post 5.08 EPS for the current year.

Qifu Technology Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, September 27th were given a $0.60 dividend. This represents a dividend yield of 4.7%. 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. Qifu Technology's payout ratio is 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.