Blue Trust Inc. Grows Stake in FinVolution Group (NYSE:FINV)

Blue Trust Inc. boosted its holdings in shares of FinVolution Group (NYSE:FINV) by 246.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,754 shares of the company’s stock after acquiring an additional 11,211 shares during the period. Blue Trust Inc.’s holdings in FinVolution Group were worth $97,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SYM FINANCIAL Corp purchased a new stake in FinVolution Group during the 2nd quarter valued at about $54,000. SVB Wealth LLC purchased a new stake in FinVolution Group during the 1st quarter valued at about $80,000. D Orazio & Associates Inc. boosted its holdings in FinVolution Group by 23.7% in the 1st quarter. D Orazio & Associates Inc. now owns 22,318 shares of the company’s stock valued at $112,000 after purchasing an additional 4,276 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in FinVolution Group in the 2nd quarter valued at about $139,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in FinVolution Group by 38.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 39,891 shares of the company’s stock valued at $188,000 after purchasing an additional 11,177 shares during the last quarter. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Price Performance

NYSE:FINV opened at $6.08 on Wednesday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 5.58 and a beta of 0.45. The company’s 50-day moving average is $5.77 and its two-hundred day moving average is $5.26. FinVolution Group has a 1-year low of $4.22 and a 1-year high of $7.24.

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

FinVolution Group Profile

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.