Sompo Asset Management Co. Ltd. lifted its position in Qifu Technology, Inc. (NASDAQ:QFIN – Free Report) by 25.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,470 shares of the company’s stock after acquiring an additional 7,080 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Qifu Technology were worth $680,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Sei Investments Co. raised its position in Qifu Technology by 115.5% during the second quarter. Sei Investments Co. now owns 36,059 shares of the company’s stock valued at $711,000 after buying an additional 19,327 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Qifu Technology by 19.4% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 26,500 shares of the company’s stock valued at $523,000 after acquiring an additional 4,300 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Qifu Technology during the second quarter worth $304,000. XTX Topco Ltd acquired a new stake in Qifu Technology during the second quarter valued at $215,000. Finally, Seven Eight Capital LP purchased a new position in Qifu Technology in the second quarter valued at about $805,000. Institutional investors and hedge funds own 74.81% of the company’s stock.
Qifu Technology Price Performance
QFIN opened at $25.76 on Friday. The company has a market capitalization of $4.16 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 0.43 and a beta of 0.61. Qifu Technology, Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $26.50. The business has a 50-day moving average of $22.74 and a 200-day moving average of $20.47.
Qifu Technology Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Qifu Technology’s previous semi-annual dividend of $0.57. This represents a yield of 4.7%. Qifu Technology’s dividend payout ratio is currently 29.53%.
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.
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