Royal London Asset Management Ltd. Takes $3.91 Million Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Royal London Asset Management Ltd. acquired a new position in Qifu Technology, Inc. (NASDAQ:QFIN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 101,900 shares of the company’s stock, valued at approximately $3,911,000. Royal London Asset Management Ltd. owned approximately 0.06% of Qifu Technology as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Qifu Technology by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,309,635 shares of the company’s stock worth $38,866,000 after acquiring an additional 41,139 shares in the last quarter. Natixis Advisors LLC acquired a new position in shares of Qifu Technology during the third quarter worth $654,000. Asset Management One Co. Ltd. increased its position in shares of Qifu Technology by 66.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,873 shares of the company’s stock worth $1,255,000 after purchasing an additional 13,170 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Qifu Technology during the 3rd quarter valued at $1,061,000. Finally, Point72 Hong Kong Ltd boosted its position in shares of Qifu Technology by 443.0% in the 3rd quarter. Point72 Hong Kong Ltd now owns 535,498 shares of the company’s stock worth $15,963,000 after purchasing an additional 436,882 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Price Performance

Shares of NASDAQ:QFIN opened at $44.45 on Tuesday. The business’s 50-day moving average is $41.54 and its 200 day moving average is $36.26. Qifu Technology, Inc. has a 1 year low of $17.76 and a 1 year high of $48.81. The firm has a market capitalization of $7.01 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.32 and a beta of 0.59.

Qifu Technology (NASDAQ:QFIN) last announced its quarterly earnings data on Sunday, March 16th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.68 by $0.14. The firm had revenue of $613.89 million during the quarter, compared to analyst estimates of $581.67 million. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. On average, analysts expect that Qifu Technology, Inc. will post 5.71 EPS for the current year.

Qifu Technology Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 2.5%. This is a boost from Qifu Technology’s previous semi-annual dividend of $0.60. Qifu Technology’s payout ratio is currently 23.79%.

Qifu Technology Company 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.