Charles Schwab Investment Management Inc. Has $4.95 Million Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Charles Schwab Investment Management Inc. cut its stake in Qifu Technology, Inc. (NASDAQ:QFIN) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,920 shares of the company’s stock after selling 7,448 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.08% of Qifu Technology worth $4,948,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Jones Financial Companies Lllp acquired a new stake in Qifu Technology in the 4th quarter worth about $29,000. Wilmington Savings Fund Society FSB bought a new position in Qifu Technology in the third quarter valued at about $30,000. Advisors Preferred LLC acquired a new position in Qifu Technology during the 4th quarter worth approximately $41,000. Global Retirement Partners LLC lifted its stake in shares of Qifu Technology by 80.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company’s stock valued at $45,000 after acquiring an additional 518 shares during the last quarter. Finally, BOCHK Asset Management Ltd bought a new position in Qifu Technology in the fourth quarter valued at about $46,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Price Performance

QFIN opened at $44.23 on Wednesday. Qifu Technology, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $48.81. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 0.32 and a beta of 0.59. The company’s 50 day moving average price is $41.69 and its two-hundred day moving average price is $36.40.

Qifu Technology (NASDAQ:QFIN) last announced its earnings results on Sunday, March 16th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.68 by $0.14. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. The business had revenue of $613.89 million for the quarter, compared to analysts’ expectations of $581.67 million. As a group, equities research analysts predict that Qifu Technology, Inc. will post 5.71 EPS for the current year.

Qifu Technology Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 2.5%. This is a boost from Qifu Technology’s previous semi-annual dividend of $0.60. Qifu Technology’s dividend payout ratio (DPR) is currently 23.79%.

Qifu Technology 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.