BNP Paribas Financial Markets Grows Stake in Qfin Holdings Inc. – Sponsored ADR $QFIN

BNP Paribas Financial Markets boosted its position in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 108.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 947,274 shares of the company’s stock after purchasing an additional 493,007 shares during the quarter. BNP Paribas Financial Markets owned about 0.67% of Qfin worth $18,254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Qfin by 51.7% during the 1st quarter. Royal Bank of Canada now owns 6,508 shares of the company’s stock valued at $293,000 after acquiring an additional 2,219 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Qfin during the 1st quarter valued at $29,000. Goldman Sachs Group Inc. boosted its position in Qfin by 32.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company’s stock valued at $72,028,000 after acquiring an additional 395,589 shares in the last quarter. California State Teachers Retirement System boosted its position in Qfin by 333.8% during the 2nd quarter. California State Teachers Retirement System now owns 34,810 shares of the company’s stock valued at $1,509,000 after acquiring an additional 26,786 shares in the last quarter. Finally, State of Wyoming boosted its position in Qfin by 187.8% during the 3rd quarter. State of Wyoming now owns 7,310 shares of the company’s stock valued at $210,000 after acquiring an additional 4,770 shares in the last quarter. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Qfin Stock Performance

Shares of QFIN opened at $14.53 on Friday. The stock has a 50-day moving average of $13.54 and a two-hundred day moving average of $15.80. Qfin Holdings Inc. – Sponsored ADR has a one year low of $11.31 and a one year high of $46.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market cap of $2.06 billion, a P/E ratio of 2.66, a P/E/G ratio of 0.27 and a beta of 0.61.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings results on Friday, May 15th. The company reported $1.12 EPS for the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%.The company had revenue of $567.01 million during the quarter. As a group, research analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 3.79 EPS for the current year.

Qfin Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd were issued a $0.78 dividend. This represents a dividend yield of 1,176.0%. The ex-dividend date of this dividend was Wednesday, April 22nd. Qfin’s payout ratio is 28.21%.

Analyst Ratings Changes

Several research analysts recently weighed in on QFIN shares. Bank of America restated a “neutral” rating and set a $15.33 target price on shares of Qfin in a research note on Wednesday, May 27th. Jefferies Financial Group dropped their target price on Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Finally, Weiss Ratings upgraded Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.91.

Insider Transactions at Qfin

In related news, Director Xiaohuan Chen acquired 190,000 shares of the stock in a transaction on Friday, March 27th. The shares were acquired at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the transaction, the director owned 190,000 shares in the company, valued at approximately $2,449,100. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.10% of the company’s stock.

About Qfin

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.