Qifu Technology, Inc. (NASDAQ:QFIN) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 104.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,015 shares of the company’s stock after acquiring an additional 10,231 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Qifu Technology were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QFIN. Sompo Asset Management Co. Ltd. grew its holdings in Qifu Technology by 2.4% during the 4th quarter. Sompo Asset Management Co. Ltd. now owns 38,500 shares of the company’s stock valued at $609,000 after purchasing an additional 890 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Qifu Technology by 1.1% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 97,036 shares of the company’s stock worth $1,915,000 after acquiring an additional 1,012 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Qifu Technology by 83.9% in the fourth quarter. Parallel Advisors LLC now owns 2,426 shares of the company’s stock worth $38,000 after acquiring an additional 1,107 shares in the last quarter. Handelsinvest Investeringsforvaltning grew its stake in Qifu Technology by 14.3% during the 1st quarter. Handelsinvest Investeringsforvaltning now owns 10,828 shares of the company’s stock valued at $200,000 after purchasing an additional 1,353 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its holdings in Qifu Technology by 131.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company’s stock worth $44,000 after purchasing an additional 1,355 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Down 1.5 %

Qifu Technology stock opened at $25.76 on Friday. Qifu Technology, Inc. has a 52 week low of $13.68 and a 52 week high of $26.50. The stock has a market cap of $4.16 billion, a P/E ratio of 6.67, a price-to-earnings-growth ratio of 0.43 and a beta of 0.61. The stock has a 50 day moving average of $22.74 and a 200-day moving average of $20.47.

Qifu Technology (NASDAQ:QFIN) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.23. The firm had revenue of $572.44 million for the quarter, compared to the consensus estimate 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 predict that Qifu Technology, Inc. will post 4.94 earnings per share for the current fiscal year.

Qifu Technology Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a $0.60 dividend. This represents a yield of 4.7%. This is an increase from Qifu Technology’s previous semi-annual dividend of $0.57. The ex-dividend date of this dividend is Friday, September 27th. Qifu Technology’s dividend payout ratio (DPR) is 29.53%.

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.