Royal London Asset Management Ltd. Acquires Shares of 101,900 Qifu Technology, Inc. (NASDAQ:QFIN)

Royal London Asset Management Ltd. purchased a new stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of QFIN. Jones Financial Companies Lllp acquired a new position in shares of Qifu Technology during the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Qifu Technology in the third quarter worth about $30,000. Advisors Preferred LLC purchased a new stake in shares of Qifu Technology in the fourth quarter worth about $41,000. Global Retirement Partners LLC grew its stake in shares of Qifu Technology by 80.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock valued at $45,000 after buying an additional 518 shares in the last quarter. Finally, BOCHK Asset Management Ltd purchased a new stake in shares of Qifu Technology during the 4th quarter valued at about $46,000. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Qifu Technology Price Performance

NASDAQ QFIN traded down $0.22 on Tuesday, reaching $44.23. The company had a trading volume of 2,699,569 shares, compared to its average volume of 1,316,631. Qifu Technology, Inc. has a 1 year low of $17.76 and a 1 year high of $48.81. The firm has a 50-day moving average of $41.54 and a 200-day moving average of $36.26. The firm has a market capitalization of $6.97 billion, a PE ratio of 8.95, a P/E/G ratio of 0.32 and a beta of 0.59.

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Qifu Technology (NASDAQ:QFIN - Get Free Report) last released its quarterly earnings results on Sunday, March 16th. The company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.14. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. The business had revenue of $613.89 million during the quarter, compared to analyst estimates of $581.67 million. As a group, sell-side analysts expect that Qifu Technology, Inc. will post 5.71 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, April 23rd will be issued a $0.70 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 2.5%. This is an increase from Qifu Technology's previous semi-annual dividend of $0.60. Qifu Technology's dividend payout ratio is currently 23.79%.

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.