FinVolution Group (NYSE:FINV) Posts Earnings Results

FinVolution Group (NYSE:FINV) posted its earnings results on Tuesday. The company reported $0.41 earnings per share for the quarter, Zacks reports. FinVolution Group had a net margin of 17.36% and a return on equity of 16.66%. FinVolution Group updated its FY 2025 guidance to EPS.

FinVolution Group Trading Down 2.4%

NYSE:FINV opened at $8.60 on Wednesday. The firm has a 50-day moving average price of $8.60 and a two-hundred day moving average price of $7.70. FinVolution Group has a twelve month low of $4.63 and a twelve month high of $11.08. The company has a market capitalization of $2.18 billion, a P/E ratio of 7.41 and a beta of 0.30.

FinVolution Group Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 16th were given a dividend of $0.277 per share. The ex-dividend date was Wednesday, April 16th. This represents a yield of 2%. This is an increase from FinVolution Group’s previous annual dividend of $0.24. FinVolution Group’s dividend payout ratio is presently 16.80%.

Analyst Ratings Changes

A number of equities research analysts recently commented on FINV shares. UBS Group reissued a “neutral” rating and set a $11.80 target price (up previously from $7.80) on shares of FinVolution Group in a research report on Thursday, March 20th. Citigroup raised shares of FinVolution Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $6.00 to $11.00 in a research note on Tuesday, March 18th.

Hedge Funds Weigh In On FinVolution Group

Several hedge funds have recently added to or reduced their stakes in FINV. Royal Bank of Canada boosted its position in shares of FinVolution Group by 114.5% in the first quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after acquiring an additional 31,641 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of FinVolution Group by 2.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock worth $4,584,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of FinVolution Group by 573.9% during the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after buying an additional 894,566 shares during the last quarter. 31.15% of the stock is currently owned by hedge funds and other institutional investors.

FinVolution Group declared that its board has authorized a stock buyback plan on Monday, March 17th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

About FinVolution Group

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.