Schroder Investment Management Group Makes New Investment in Qifu Technology, Inc. (NASDAQ:QFIN)

Schroder Investment Management Group bought a new stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 189,923 shares of the company's stock, valued at approximately $7,164,000. Schroder Investment Management Group owned 0.12% of Qifu Technology as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wrapmanager Inc. increased its stake in shares of Qifu Technology by 4.1% in the fourth quarter. Wrapmanager Inc. now owns 7,554 shares of the company's stock valued at $290,000 after buying an additional 296 shares during the period. Global Retirement Partners LLC lifted 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 valued at $45,000 after acquiring an additional 518 shares during the period. DGS Capital Management LLC boosted its holdings in Qifu Technology by 5.9% in the fourth quarter. DGS Capital Management LLC now owns 11,413 shares of the company's stock worth $438,000 after acquiring an additional 631 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Qifu Technology during the 4th quarter valued at $29,000. Finally, Lester Murray Antman dba SimplyRich raised its holdings in shares of Qifu Technology by 5.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 14,288 shares of the company's stock worth $548,000 after acquiring an additional 768 shares during the last quarter. Institutional investors own 74.81% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Bank of America raised their price objective on Qifu Technology from $50.66 to $52.70 and gave the company a "buy" rating in a research note on Wednesday, March 26th.

Qifu Technology Trading Up 2.6 %

Shares of NASDAQ:QFIN traded up $0.93 during midday trading on Wednesday, reaching $36.79. The company had a trading volume of 3,809,154 shares, compared to its average volume of 1,478,387. Qifu Technology, Inc. has a 52-week low of $17.76 and a 52-week high of $48.94. The company's 50 day moving average price is $42.21 and its 200 day moving average price is $37.70. The stock has a market cap of $5.80 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.32 and a beta of 0.53.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last released its 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. The firm had revenue of $613.89 million for the quarter, compared to analysts' expectations of $581.67 million. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. Research analysts forecast that Qifu Technology, Inc. will post 5.71 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.70 per share. This represents a dividend yield of 2.5%. The ex-dividend date 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 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.