FinVolution Group (NYSE:FINV) Shares Sold by Creative Planning

Creative Planning reduced its position in FinVolution Group (NYSE:FINV) by 79.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,233 shares of the company’s stock after selling 40,000 shares during the quarter. Creative Planning’s holdings in FinVolution Group were worth $97,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in FinVolution Group in the 1st quarter valued at $71,000. HRT Financial LP acquired a new position in shares of FinVolution Group during the 1st quarter worth $127,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of FinVolution Group by 56.8% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,417 shares of the company’s stock worth $157,000 after purchasing an additional 8,118 shares during the period. Caxton Associates LP acquired a new position in shares of FinVolution Group during the 1st quarter worth $176,000. Finally, Greenspring Associates LLC acquired a new position in shares of FinVolution Group during the 1st quarter worth $180,000. 18.65% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the stock. TheStreet raised shares of FinVolution Group from a “c+” rating to a “b-” rating in a research note on Tuesday, July 20th. Citigroup cut shares of FinVolution Group from a “buy” rating to a “neutral” rating and set a $6.07 price target on the stock. in a research note on Tuesday, August 24th.

Shares of NYSE FINV opened at $5.68 on Wednesday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 4.73 and a beta of 1.01. FinVolution Group has a 52 week low of $1.61 and a 52 week high of $10.61. The company’s 50-day moving average price is $6.65 and its 200 day moving average price is $7.17.

FinVolution Group (NYSE:FINV) last issued its quarterly earnings data on Monday, August 23rd. The company reported $0.34 EPS for the quarter. The firm had revenue of $369.25 million for the quarter. FinVolution Group had a net margin of 28.36% and a return on equity of 26.91%.

FinVolution Group Profile

FinVolution Group is an online consumer finance platform in China connecting underserved individual borrowers with financial institutions. The firm has developed technologies and accumulates in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence.

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Institutional Ownership by Quarter for FinVolution Group (NYSE:FINV)

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