Mission Wealth Management LP Lowers Stake in FinVolution Group (NYSE:FINV)

Mission Wealth Management LP lowered its position in shares of FinVolution Group (NYSE:FINVGet Rating) by 28.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the company’s stock after selling 4,000 shares during the quarter. Mission Wealth Management LP’s holdings in FinVolution Group were worth $49,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Bank of America Corp DE bought a new stake in shares of FinVolution Group during the second quarter valued at approximately $47,000. Dupont Capital Management Corp bought a new stake in FinVolution Group in the fourth quarter worth $63,000. Centiva Capital LP bought a new stake in FinVolution Group in the third quarter worth $80,000. First Republic Investment Management Inc. bought a new stake in FinVolution Group in the third quarter worth $99,000. Finally, Virginia Retirement Systems ET AL bought a new stake in FinVolution Group in the fourth quarter worth $117,000.

Several brokerages recently weighed in on FINV. CICC Research began coverage on shares of FinVolution Group in a research report on Friday, May 6th. They issued an “outperform” rating on the stock. Citigroup reduced their price target on shares of FinVolution Group from $7.27 to $3.27 and set a “neutral” rating on the stock in a research report on Wednesday, March 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, FinVolution Group currently has an average rating of “Buy” and an average target price of $6.82.

FINV stock opened at $3.75 on Friday. FinVolution Group has a twelve month low of $2.68 and a twelve month high of $10.41. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 2.84 and a beta of 0.96. The firm’s fifty day simple moving average is $3.86 and its two-hundred day simple moving average is $4.51.

FinVolution Group (NYSE:FINVGet Rating) last posted its quarterly earnings data on Monday, March 14th. The company reported $0.37 earnings per share for the quarter. FinVolution Group had a net margin of 26.49% and a return on equity of 26.57%. The business had revenue of $384.15 million for the quarter.

The company also recently disclosed an annual dividend, which was paid on Friday, May 6th. Shareholders of record on Wednesday, April 13th were given a dividend of $0.205 per share. This is a boost from FinVolution Group’s previous annual dividend of $0.17. The ex-dividend date of this dividend was Tuesday, April 12th. This represents a yield of 4.5%. FinVolution Group’s payout ratio is 14.39%.

About FinVolution Group (Get Rating)

FinVolution Group, an investment holding company, operates an online consumer finance marketplace in the People's Republic of China. It operates a fintech platform that connects underserved individual borrowers with financial institutions. The company's platform provides standard and other loan products.

Further Reading

Institutional Ownership by Quarter for FinVolution Group (NYSE:FINV)

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