101,900 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. acquired a new stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 101,900 shares of the company's stock, valued at approximately $3,911,000. Royal London Asset Management Ltd. owned approximately 0.06% of Qifu Technology at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Natixis Advisors LLC increased its position in shares of Qifu Technology by 7.7% in the fourth quarter. Natixis Advisors LLC now owns 23,621 shares of the company's stock worth $907,000 after acquiring an additional 1,686 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in Qifu Technology by 17.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 274,654 shares of the company's stock valued at $10,360,000 after acquiring an additional 40,554 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Qifu Technology by 12.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 919,967 shares of the company's stock worth $35,308,000 after purchasing an additional 99,624 shares during the period. Jupiter Asset Management Ltd. increased its stake in Qifu Technology by 217.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 263,800 shares of the company's stock valued at $10,125,000 after buying an additional 180,700 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Qifu Technology by 4,272.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,302 shares of the company's stock worth $280,000 after buying an additional 7,135 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company's stock.

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Qifu Technology Price Performance

Shares of NASDAQ QFIN traded down $2.69 during trading hours on Friday, hitting $45.43. 1,634,708 shares of the company's stock were exchanged, compared to its average volume of 1,433,142. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.32 and a beta of 0.59. The company's 50-day moving average price is $42.11 and its 200-day moving average price is $36.55. Qifu Technology, Inc. has a 1-year low of $17.76 and a 1-year high of $48.94.

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

Qifu Technology Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, April 23rd will be paid a $0.70 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, April 23rd. This is a boost from Qifu Technology's previous semi-annual dividend of $0.60. Qifu Technology's dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analysts Forecast Growth

Separately, Bank of America boosted their price target on shares of Qifu Technology from $50.66 to $52.70 and gave the company a "buy" rating in a report on Wednesday.

Qifu Technology 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.