Trexquant Investment LP Has $1.44 Million Stock Holdings in FinVolution Group (NYSE:FINV)

Trexquant Investment LP raised its holdings in shares of FinVolution Group (NYSE:FINV - Free Report) by 1,832.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 211,303 shares of the company's stock after acquiring an additional 200,366 shares during the quarter. Trexquant Investment LP owned approximately 0.08% of FinVolution Group worth $1,435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FINV. Mirae Asset Global Investments Co. Ltd. acquired a new stake in FinVolution Group in the 4th quarter valued at $28,000. Aigen Investment Management LP bought a new stake in FinVolution Group during the fourth quarter worth about $75,000. SYM FINANCIAL Corp raised its holdings in FinVolution Group by 14.4% during the fourth quarter. SYM FINANCIAL Corp now owns 13,543 shares of the company's stock worth $92,000 after acquiring an additional 1,706 shares in the last quarter. SVB Wealth LLC acquired a new position in FinVolution Group during the fourth quarter valued at approximately $96,000. Finally, Quadrature Capital Ltd bought a new position in FinVolution Group in the third quarter valued at approximately $94,000. 31.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FINV has been the subject of several recent analyst reports. UBS Group reissued a "neutral" rating and issued a $11.80 price objective (up previously from $7.80) on shares of FinVolution Group in a report on Thursday, March 20th. Citigroup upgraded shares of FinVolution Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $6.00 to $11.00 in a research note on Tuesday, March 18th.

FinVolution Group Trading Down 2.4 %

NYSE:FINV traded down $0.19 on Tuesday, hitting $7.77. The company's stock had a trading volume of 555,988 shares, compared to its average volume of 774,201. FinVolution Group has a one year low of $4.63 and a one year high of $11.08. The firm has a market capitalization of $2.06 billion, a P/E ratio of 6.69 and a beta of 0.32. The stock has a fifty day moving average of $8.73 and a two-hundred day moving average of $7.38.

FinVolution Group (NYSE:FINV - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The company reported $0.38 earnings per share (EPS) for the quarter. FinVolution Group had a return on equity of 16.66% and a net margin of 17.36%. The business had revenue of $473.57 million during the quarter.

FinVolution Group announced that its Board of Directors has initiated a stock buyback program on Monday, March 17th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

FinVolution Group Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.277 per share. This is an increase from FinVolution Group's previous annual dividend of $0.24. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a dividend yield of 2%. FinVolution Group's payout ratio is presently 16.80%.

About FinVolution Group

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.