State Street Corp boosted its stake in shares of FinVolution Group (NYSE:FINV - Free Report) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,496,614 shares of the company's stock after purchasing an additional 268,843 shares during the period. State Street Corp owned approximately 1.32% of FinVolution Group worth $21,609,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. lifted its stake in shares of FinVolution Group by 4.5% in the 3rd quarter. QRG Capital Management Inc. now owns 64,945 shares of the company's stock valued at $401,000 after purchasing an additional 2,775 shares in the last quarter. D Orazio & Associates Inc. raised its stake in shares of FinVolution Group by 17.2% in the 2nd quarter. D Orazio & Associates Inc. now owns 26,150 shares of the company's stock valued at $125,000 after acquiring an additional 3,832 shares during the period. Kathmere Capital Management LLC raised its stake in shares of FinVolution Group by 23.2% in the 2nd quarter. Kathmere Capital Management LLC now owns 43,697 shares of the company's stock valued at $208,000 after acquiring an additional 8,232 shares during the period. Creative Planning boosted its position in FinVolution Group by 15.9% during the 3rd quarter. Creative Planning now owns 67,288 shares of the company's stock worth $416,000 after purchasing an additional 9,243 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in FinVolution Group in the 3rd quarter valued at $58,000. Institutional investors and hedge funds own 31.15% of the company's stock.
FinVolution Group Trading Up 1.0 %
NYSE:FINV traded up $0.07 during mid-day trading on Tuesday, hitting $6.94. The company had a trading volume of 171,355 shares, compared to its average volume of 708,224. The business has a fifty day simple moving average of $6.37 and a 200-day simple moving average of $5.70. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 5.98 and a beta of 0.48. FinVolution Group has a 1 year low of $4.45 and a 1 year high of $7.29.
About FinVolution Group
(
Free Report)
FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.
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