1 week Ago By Defense World Staff
JPMorgan Chase & Co. decreased its stake in shares of Qifu Technology, Inc. ( NASDAQ:QFIN – Free Report ) by 19.
6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 696,475 shares of the company’s stock after selling 170,156 shares during the quarter. JPMorgan Chase & Co.
owned 0.44% of Qifu Technology worth $26,731,000 as of its most recent filing with the SEC. A number of other large investors have also made changes to their positions in QFIN.
Jones Financial Companies Lllp bought a new position in Qifu Technology during the fourth quarter valued at about $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Qifu Technology during the 3rd quarter worth approximately $30,000. Advisors Preferred LLC bought a new stake in shares of Qifu Technology during the fourth quarter valued at approximately $41,000.
Global Retirement Partners LLC raised its stake in shares of Qifu Technology by 80.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,164 shares of the company’s stock valued at $45,000 after purchasing an additional 518 shares in the last quarter.
Finally, BOCHK Asset Management Ltd bought a new position in Qifu Technology in the fourth quarter worth $46,000. Institutional investors and hedge funds own 74.81% of the company’s stock.
Wall Street Analyst Weigh In Separately, Bank of America increased their price objective 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.
Qifu Technology Trading Down 0.6 % NASDAQ QFIN opened at $35.86 on Wednesday.
Qifu Technology, Inc. has a 1-year low of $17.76 and a 1-year high of $48.
94. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 7.
26, a PEG ratio of 0.32 and a beta of 0.53.
The stock’s 50 day moving average is $42.38 and its two-hundred day moving average is $37.63.
Qifu Technology ( NASDAQ:QFIN – Get Free Report ) last announced its quarterly 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 analyst estimates of $581.67 million. On average, analysts predict that Qifu Technology, Inc.
will post 5.71 earnings per share for the current year. Qifu Technology Increases Dividend The company also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd.
Investors of record on Wednesday, April 23rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, April 23rd.
This represents a dividend 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 23.79%.
Qifu Technology Profile ( 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. Recommended Stories Five stocks we like better than Qifu Technology What Are Earnings Reports? Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential How to Buy Gold Stock and Invest in Gold Qualcomm Breaks Down But RSI Signals It’s Severely Oversold Ride Out The Recession With These Dividend Kings Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy 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.
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