Canada Pension Plan Investment Board Takes Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

Canada Pension Plan Investment Board bought a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,194,000 shares of the company’s stock, valued at approximately $6,925,000. Canada Pension Plan Investment Board owned 0.73% of LexinFintech as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company’s stock worth $21,478,000 after purchasing an additional 2,606,969 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in LexinFintech during the fourth quarter worth approximately $7,687,000. Barclays PLC acquired a new position in LexinFintech in the fourth quarter worth approximately $7,131,000. Hel Ved Capital Management Ltd bought a new position in shares of LexinFintech in the fourth quarter valued at $6,554,000. Finally, Schroder Investment Management Group acquired a new stake in shares of LexinFintech during the 4th quarter valued at $5,301,000.

LexinFintech Stock Down 3.9 %

LX stock opened at $6.72 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $1.10 billion, a P/E ratio of 10.67 and a beta of 0.32. LexinFintech Holdings Ltd. has a 52-week low of $1.57 and a 52-week high of $11.64. The company’s 50 day simple moving average is $8.84 and its 200-day simple moving average is $6.46.

LexinFintech (NASDAQ:LX) last announced its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The company had revenue of $501.26 million for the quarter.

LexinFintech Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.11 per share. This represents a yield of 1.2%. The ex-dividend date is Thursday, April 17th. This is a boost from LexinFintech’s previous semi-annual dividend of $0.07. LexinFintech’s payout ratio is 18.89%.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $13.60 target price on LexinFintech and gave the company a “buy” rating in a report on Friday, March 21st.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.