Diversify Advisory Services LLC Acquires Shares of 8,073 Qifu Technology, Inc. (NASDAQ:QFIN)

Diversify Advisory Services LLC bought a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,073 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC bought a new position in Qifu Technology in the 2nd quarter worth approximately $25,560,000. Acadian Asset Management LLC lifted its stake in shares of Qifu Technology by 1,789.1% during the second quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company’s stock valued at $24,450,000 after acquiring an additional 1,174,824 shares during the period. Prudential PLC lifted its stake in shares of Qifu Technology by 634.1% during the second quarter. Prudential PLC now owns 956,998 shares of the company’s stock valued at $18,882,000 after acquiring an additional 826,631 shares during the period. Marshall Wace LLP increased its position in Qifu Technology by 557.5% in the second quarter. Marshall Wace LLP now owns 776,457 shares of the company’s stock worth $15,319,000 after purchasing an additional 658,366 shares during the period. Finally, Swedbank AB increased its position in Qifu Technology by 156.0% in the third quarter. Swedbank AB now owns 754,300 shares of the company’s stock worth $22,486,000 after purchasing an additional 459,700 shares during the period. 74.81% of the stock is owned by institutional investors.

Qifu Technology Trading Down 0.7 %

Qifu Technology stock opened at $32.58 on Friday. The company has a market cap of $5.26 billion, a PE ratio of 7.83, a PEG ratio of 0.46 and a beta of 0.62. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $35.23. The company’s 50-day moving average is $29.16 and its two-hundred day moving average is $23.21.

Qifu Technology (NASDAQ:QFIN) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.23. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. The business had revenue of $572.44 million for the quarter, compared to analyst estimates of $582.69 million. Research analysts forecast that Qifu Technology, Inc. will post 5.08 EPS for the current year.

Qifu Technology Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, September 27th were given a $0.60 dividend. This is a positive change from Qifu Technology’s previous semi-annual dividend of $0.57. This represents a dividend yield of 4.7%. The ex-dividend date was Friday, September 27th. Qifu Technology’s dividend payout ratio (DPR) is currently 28.37%.

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.