FinVolution Group (NYSE:FINV) Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in FinVolution Group (NYSE:FINV) by 85.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,796 shares of the company’s stock after selling 84,056 shares during the quarter. SG Americas Securities LLC’s holdings in FinVolution Group were worth $91,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Acadian Asset Management LLC grew its stake in shares of FinVolution Group by 12.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company’s stock worth $13,634,000 after purchasing an additional 317,682 shares during the last quarter. Dimensional Fund Advisors LP grew its position in FinVolution Group by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock worth $10,689,000 after buying an additional 315,366 shares during the last quarter. Russell Investments Group Ltd. grew its position in FinVolution Group by 155.9% in the first quarter. Russell Investments Group Ltd. now owns 503,756 shares of the company’s stock worth $2,539,000 after buying an additional 306,903 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of FinVolution Group by 54.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 713,690 shares of the company’s stock valued at $3,597,000 after buying an additional 250,967 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of FinVolution Group during the 2nd quarter valued at $1,039,000. 31.15% of the stock is currently owned by institutional investors.

FinVolution Group Stock Up 1.5 %

FINV opened at $6.17 on Tuesday. The firm has a market cap of $1.64 billion, a PE ratio of 5.61 and a beta of 0.45. The business has a fifty day simple moving average of $5.76 and a 200-day simple moving average of $5.26. FinVolution Group has a fifty-two week low of $4.22 and a fifty-two week high of $7.24.

FinVolution Group (NYSE:FINV) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.30 earnings per share for the quarter. The business had revenue of $435.93 million during the quarter. FinVolution Group had a return on equity of 16.57% and a net margin of 17.00%.

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.