Blue Trust Inc. Buys 3,985 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Blue Trust Inc. lifted its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 230.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,717 shares of the company’s stock after purchasing an additional 3,985 shares during the period. Blue Trust Inc.’s holdings in Qifu Technology were worth $170,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Qifu Technology by 88.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 102,000 shares of the company’s stock worth $1,880,000 after purchasing an additional 47,800 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Qifu Technology during the 1st quarter worth approximately $634,000. AQR Capital Management LLC bought a new stake in Qifu Technology in the 2nd quarter valued at $25,560,000. Hsbc Holdings PLC lifted its holdings in Qifu Technology by 9.8% during the 2nd quarter. Hsbc Holdings PLC now owns 424,904 shares of the company’s stock valued at $8,377,000 after purchasing an additional 37,948 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Qifu Technology by 117.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,198 shares of the company’s stock valued at $959,000 after purchasing an additional 26,558 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Price Performance

Shares of Qifu Technology stock opened at $34.82 on Friday. The business has a fifty day simple moving average of $28.43 and a two-hundred day simple moving average of $22.84. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $35.02. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 0.47 and a beta of 0.62.

Qifu Technology (NASDAQ:QFIN) last released its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.23. The firm had revenue of $572.44 million for the quarter, compared to analysts’ expectations of $582.69 million. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. As a group, equities analysts anticipate that Qifu Technology, Inc. will post 5.08 earnings per share for the current fiscal year.

Qifu Technology Increases Dividend

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

Qifu Technology Company 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.