iA Global Asset Management Inc. Takes $93,000 Position in Qifu Technology, Inc. (NASDAQ:QFIN)

iA Global Asset Management Inc. acquired a new stake in Qifu Technology, Inc. (NASDAQ:QFIN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,415 shares of the company’s stock, valued at approximately $93,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Royal London Asset Management Ltd. bought a new stake in Qifu Technology in the fourth quarter valued at about $3,911,000. Natixis Advisors LLC increased its holdings in Qifu Technology by 7.7% in the fourth quarter. Natixis Advisors LLC now owns 23,621 shares of the company’s stock valued at $907,000 after purchasing an additional 1,686 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in Qifu Technology by 17.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 274,654 shares of the company’s stock valued at $10,360,000 after purchasing an additional 40,554 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Qifu Technology by 12.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 919,967 shares of the company’s stock valued at $35,308,000 after purchasing an additional 99,624 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in Qifu Technology by 217.4% in the fourth quarter. Jupiter Asset Management Ltd. now owns 263,800 shares of the company’s stock valued at $10,125,000 after purchasing an additional 180,700 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Down 2.5 %

NASDAQ 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 50-day simple moving average of $41.37 and a 200 day simple moving average of $36.04. The company has a market capitalization of $7.08 billion, a PE ratio of 9.09, a P/E/G ratio of 0.32 and a beta of 0.59.

Qifu Technology (NASDAQ:QFIN) last announced its quarterly earnings results on Sunday, March 16th. The company reported $1.82 earnings per share (EPS) for the quarter, topping 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 company had revenue of $613.89 million during the quarter, compared to the consensus estimate of $581.67 million. As a group, sell-side analysts predict that Qifu Technology, Inc. will post 5.71 earnings per share for the current fiscal year.

Qifu Technology Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, April 23rd will be issued a $0.70 dividend. This is an increase from Qifu Technology’s previous semi-annual dividend of $0.60. This represents a dividend yield of 2.5%. The ex-dividend date is Wednesday, April 23rd. Qifu Technology’s dividend payout ratio is 20.34%.

Qifu Technology Profile

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.