Fideuram Asset Management Ireland dac Invests $760,000 in Qfin Holdings Inc. – Sponsored ADR $QFIN

Fideuram Asset Management Ireland dac bought a new position in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 39,455 shares of the company’s stock, valued at approximately $760,000.

Several other hedge funds also recently made changes to their positions in the company. TD Waterhouse Canada Inc. lifted its stake in shares of Qfin by 2.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,959 shares of the company’s stock worth $504,000 after acquiring an additional 429 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Qfin in the 1st quarter worth $29,000. PNC Financial Services Group Inc. lifted its stake in shares of Qfin by 23.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock worth $103,000 after acquiring an additional 1,016 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Qfin by 10.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 11,468 shares of the company’s stock worth $221,000 after acquiring an additional 1,058 shares during the period. Finally, Summit Global Investments lifted its stake in shares of Qfin by 13.5% in the 3rd quarter. Summit Global Investments now owns 14,607 shares of the company’s stock worth $420,000 after acquiring an additional 1,733 shares during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qfin Stock Up 4.6%

Shares of NASDAQ QFIN opened at $16.08 on Friday. The company has a quick ratio of 2.43, a current ratio of 2.22 and a debt-to-equity ratio of 0.03. Qfin Holdings Inc. – Sponsored ADR has a 52 week low of $11.31 and a 52 week high of $46.18. The firm has a 50-day moving average price of $13.29 and a 200 day moving average price of $16.06. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 2.95, a price-to-earnings-growth ratio of 0.30 and a beta of 0.54.

Qfin (NASDAQ:QFIN) last announced its quarterly earnings data on Tuesday, May 26th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.96 by $0.08. Qfin had a net margin of 27.48% and a return on equity of 20.85%. The firm had revenue of $567.01 million during the quarter, compared to analysts’ expectations of $476.92 million. Equities research analysts anticipate that Qfin Holdings Inc. – Sponsored ADR will post 3.82 EPS for the current fiscal year.

Qfin Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 22nd were given a dividend of $0.78 per share. The ex-dividend date was Wednesday, April 22nd. This represents a yield of 1,176.0%. Qfin’s payout ratio is presently 28.21%.

Wall Street Analysts Forecast Growth

QFIN has been the subject of several recent analyst reports. Bank of America reiterated a “neutral” rating and issued a $15.33 price objective on shares of Qfin in a research note on Wednesday. Jefferies Financial Group reduced their price objective on shares of Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Finally, Weiss Ratings upgraded shares of Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.91.

Insider Transactions at Qfin

In other Qfin news, Director Xiaohuan Chen bought 190,000 shares of the business’s stock in a transaction on Friday, March 27th. The stock was bought at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the completion of the transaction, the director owned 190,000 shares in the company, valued at approximately $2,449,100. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 17.10% of the company’s stock.

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.