Qifu Technology, Inc. (NASDAQ:QFIN) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 9.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 424,904 shares of the company’s stock after acquiring an additional 37,948 shares during the period. Hsbc Holdings PLC owned 0.26% of Qifu Technology worth $8,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in QFIN. Ashton Thomas Private Wealth LLC acquired a new stake in Qifu Technology during the 2nd quarter worth $31,000. Blue Trust Inc. boosted its position in Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after acquiring an additional 1,484 shares during the last quarter. Parallel Advisors LLC grew its stake in Qifu Technology by 83.9% during the 4th quarter. Parallel Advisors LLC now owns 2,426 shares of the company’s stock valued at $38,000 after acquiring an additional 1,107 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in Qifu Technology by 131.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company’s stock valued at $44,000 after acquiring an additional 1,355 shares during the last quarter. Finally, BOCHK Asset Management Ltd purchased a new position in Qifu Technology in the 4th quarter worth approximately $95,000. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Qifu Technology Price Performance

Shares of Qifu Technology stock opened at $25.95 on Tuesday. Qifu Technology, Inc. has a 1-year low of $13.68 and a 1-year high of $26.50. The stock has a market cap of $4.19 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.43 and a beta of 0.61. The stock’s 50 day simple moving average is $22.86 and its 200-day simple moving average is $20.62.

Qifu Technology (NASDAQ:QFIN) last issued its earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.23. Qifu Technology had a return on equity of 21.82% and a net margin of 28.06%. The business had revenue of $572.44 million during the quarter, compared to the consensus estimate of $582.69 million. As a group, research analysts expect that Qifu Technology, Inc. will post 4.94 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, September 27th. This is an increase from Qifu Technology’s previous semi-annual dividend of $0.57. This represents a yield of 4.7%. Qifu Technology’s payout ratio is 30.57%.

About Qifu Technology

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.