2,415 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. purchased a new stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) in the 4th quarter, Holdings Channel reports. The fund purchased 2,415 shares of the company’s stock, valued at approximately $93,000.

Several other large investors have also recently bought and sold shares of QFIN. Jones Financial Companies Lllp acquired a new position in Qifu Technology during the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB acquired a new position in Qifu Technology during the third quarter valued at approximately $30,000. Advisors Preferred LLC acquired a new position in Qifu Technology during the fourth quarter valued at approximately $41,000. Point72 DIFC Ltd acquired a new stake in shares of Qifu Technology in the third quarter valued at approximately $43,000. Finally, Global Retirement Partners LLC lifted its position 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 buying an additional 518 shares during the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.

Qifu Technology Stock Down 2.5 %

QFIN opened at $44.89 on Friday. Qifu Technology, Inc. has a 12-month low of $17.76 and a 12-month high of $48.81. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.32 and a beta of 0.59. The business has a 50 day moving average of $41.37 and a 200-day moving average of $36.04.

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

Qifu Technology Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, April 23rd will be given a $0.70 dividend. This represents a dividend yield of 2.5%. This is a boost from Qifu Technology’s previous semi-annual dividend of $0.60. The ex-dividend date of this dividend is Wednesday, April 23rd. Qifu Technology’s dividend payout ratio (DPR) is presently 20.34%.

About Qifu Technology

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.