6 days Ago By ABMN Staff
Geode Capital Management LLC decreased its position in Qifu Technology, Inc. ( NASDAQ:QFIN – Free Report ) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 1,276,801 shares of the company’s stock after selling 32,834 shares during the period. Geode Capital Management LLC’s holdings in Qifu Technology were worth $48,827,000 as of its most recent SEC filing. Other hedge funds also recently modified their holdings of the company.
Jones Financial Companies Lllp acquired a new position in shares of Qifu Technology in the fourth quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in Qifu Technology in the 3rd quarter valued at $30,000. Advisors Preferred LLC bought a new stake in Qifu Technology in the 4th quarter valued at $41,000.
Global Retirement Partners LLC raised 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 buying an additional 518 shares in the last quarter.
Finally, BOCHK Asset Management Ltd bought a new position in shares of Qifu Technology during the 4th quarter worth about $46,000. Institutional investors own 74.81% of the company’s stock.
Qifu Technology Price Performance Qifu Technology stock opened at $38.63 on Tuesday. The business has a 50 day simple moving average of $42.
02 and a 200 day simple moving average of $37.96. The company has a market capitalization of $6.
09 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 0.32 and a beta of 0.
53. Qifu Technology, Inc. has a one year low of $17.
76 and a one year high of $48.94. Qifu Technology Increases Dividend The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd.
Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.70 per share. This represents a yield of 2.
5%. This is a boost from Qifu Technology’s previous semi-annual dividend of $0.60.
The ex-dividend date is Wednesday, April 23rd. Qifu Technology’s dividend payout ratio is currently 23.79%.
Analysts Set New Price Targets Separately, Bank of America upped their target price on shares of Qifu Technology from $50.66 to $52.70 and gave the company a “buy” rating in a research note on Wednesday, March 26th.
Check Out Our Latest Research Report on QFIN About Qifu Technology ( Free Report ) 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. See Also Want to see what other hedge funds are holding QFIN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Qifu Technology, Inc. ( NASDAQ:QFIN – Free Report ). Receive News & Ratings for Qifu Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qifu Technology and related companies with MarketBeat.
com's FREE daily email newsletter ..
