Creative Planning Buys 4,045 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Creative Planning lifted its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 15.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,076 shares of the company’s stock after purchasing an additional 4,045 shares during the quarter. Creative Planning’s holdings in Qifu Technology were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Qifu Technology during the 2nd quarter valued at approximately $31,000. Blue Trust Inc. grew its holdings in Qifu Technology by 598.4% during the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after acquiring an additional 1,484 shares during the last quarter. USA Financial Formulas bought a new stake in Qifu Technology during the 3rd quarter worth approximately $41,000. Signaturefd LLC grew its holdings in Qifu Technology by 67.3% during the 2nd quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock worth $144,000 after acquiring an additional 2,931 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new stake in Qifu Technology during the 1st quarter worth approximately $186,000. 74.81% of the stock is owned by institutional investors.

Qifu Technology Price Performance

QFIN opened at $32.58 on Friday. Qifu Technology, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $35.23. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 0.46 and a beta of 0.62. The company’s 50 day moving average price is $29.16 and its two-hundred day moving average price is $23.21.

Qifu Technology (NASDAQ:QFIN) last posted its earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.23. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. The firm had revenue of $572.44 million for the quarter, compared to analyst estimates of $582.69 million. As a group, equities research analysts predict that Qifu Technology, Inc. will post 5.08 EPS for the current year.

Qifu Technology Increases Dividend

The company 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. The ex-dividend date was Friday, September 27th. This represents a dividend yield of 4.7%. This is an increase from Qifu Technology’s previous semi-annual dividend of $0.57. Qifu Technology’s payout ratio is 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.