SG Americas Securities LLC Raises Stake in Qfin Holdings Inc. – Sponsored ADR $QFIN

SG Americas Securities LLC lifted its position in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 602.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 122,186 shares of the company’s stock after purchasing an additional 104,783 shares during the quarter. SG Americas Securities LLC’s holdings in Qfin were worth $2,355,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Qfin in the 1st quarter worth $29,000. Rexford Capital Inc. purchased a new stake in Qfin in the 2nd quarter worth $78,000. PNC Financial Services Group Inc. raised its holdings in Qfin by 38.0% during the third quarter. PNC Financial Services Group Inc. now owns 4,342 shares of the company’s stock valued at $125,000 after acquiring an additional 1,195 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Qfin by 703.2% in the third quarter. Farther Finance Advisors LLC now owns 4,538 shares of the company’s stock valued at $131,000 after acquiring an additional 3,973 shares in the last quarter. Finally, Legacy Financial Advisors Inc. purchased a new position in shares of Qfin in the third quarter valued at about $201,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Insider Buying and Selling at Qfin

In other Qfin news, Director Xiaohuan Chen bought 190,000 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was purchased at an average cost of $12.89 per share, with a total value of $2,449,100.00. Following the completion of the acquisition, the director owned 190,000 shares in the company, valued at $2,449,100. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 17.10% of the company’s stock.

Qfin Price Performance

QFIN opened at $12.99 on Friday. The company has a market capitalization of $1.84 billion, a PE ratio of 2.11, a price-to-earnings-growth ratio of 0.21 and a beta of 0.51. The firm has a 50-day simple moving average of $14.60 and a two-hundred day simple moving average of $19.65. The company has a quick ratio of 2.94, a current ratio of 2.43 and a debt-to-equity ratio of 0.07. Qfin Holdings Inc. – Sponsored ADR has a 52 week low of $12.29 and a 52 week high of $47.00.

Qfin (NASDAQ:QFIN) last issued its earnings results on Saturday, February 14th. The company reported $0.59 earnings per share (EPS) for the quarter. The firm had revenue of $584.98 million for the quarter. Qfin had a return on equity of 24.97% and a net margin of 31.13%. Analysts forecast that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current fiscal year.

Qfin Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.78 per share. This represents a dividend yield of 1,143.0%. The ex-dividend date is Wednesday, April 22nd. Qfin’s dividend payout ratio is currently 24.35%.

Analysts Set New Price Targets

Several research firms recently issued reports on QFIN. Zacks Research cut Qfin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. Jefferies Financial Group lowered their price target on Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qfin in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.20.

Qfin Company Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.