FinVolution Group (NYSE:FINV) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of FinVolution Group (NYSE:FINV) by 496.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 418,477 shares of the company’s stock after purchasing an additional 348,276 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in FinVolution Group were worth $2,841,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FINV. Walleye Capital LLC boosted its position in FinVolution Group by 134.4% during the 3rd quarter. Walleye Capital LLC now owns 476,294 shares of the company’s stock worth $2,943,000 after purchasing an additional 273,055 shares during the period. State Street Corp lifted its stake in shares of FinVolution Group by 8.3% during the third quarter. State Street Corp now owns 3,496,614 shares of the company’s stock worth $21,609,000 after purchasing an additional 268,843 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of FinVolution Group in the third quarter worth about $1,224,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of FinVolution Group by 51.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 495,788 shares of the company’s stock valued at $3,064,000 after buying an additional 169,344 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of FinVolution Group during the 4th quarter valued at about $976,000. Institutional investors and hedge funds own 31.15% of the company’s stock.

FinVolution Group Stock Performance

FinVolution Group stock opened at $9.17 on Tuesday. The firm has a market capitalization of $2.43 billion, a PE ratio of 7.90 and a beta of 0.47. FinVolution Group has a one year low of $4.45 and a one year high of $9.81. The stock’s 50 day moving average price is $7.87 and its 200 day moving average price is $6.80.

FinVolution Group (NYSE:FINV) last posted its earnings results on Monday, March 17th. The company reported $0.38 EPS for the quarter. FinVolution Group had a net margin of 17.36% and a return on equity of 16.66%.

FinVolution Group announced that its Board of Directors has authorized a share repurchase plan on Monday, March 17th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

FinVolution Group Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.