National Pension Service Sells 4,400 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

National Pension Service trimmed its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 11.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,800 shares of the company’s stock after selling 4,400 shares during the quarter. National Pension Service’s holdings in Qifu Technology were worth $1,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QFIN. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Qifu Technology by 88.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 102,000 shares of the company’s stock valued at $1,880,000 after acquiring an additional 47,800 shares during the period. Quantbot Technologies LP purchased a new position in shares of Qifu Technology in the 1st quarter worth $634,000. AQR Capital Management LLC bought a new stake in shares of Qifu Technology in the 2nd quarter worth about $25,560,000. Hsbc Holdings PLC increased its holdings in shares of Qifu Technology by 9.8% in the 2nd quarter. Hsbc Holdings PLC now owns 424,904 shares of the company’s stock worth $8,377,000 after buying an additional 37,948 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Qifu Technology by 117.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,198 shares of the company’s stock valued at $959,000 after buying an additional 26,558 shares in the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qifu Technology Trading Up 2.3 %

QFIN opened at $33.08 on Friday. Qifu Technology, Inc. has a 12 month low of $13.71 and a 12 month high of $35.23. The stock has a 50-day moving average of $29.89 and a 200 day moving average of $23.73. The firm has a market cap of $5.34 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.45 and a beta of 0.61.

Qifu Technology (NASDAQ:QFIN) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, topping 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 company had revenue of $572.44 million during the quarter, compared to analyst estimates of $582.69 million. On average, research analysts forecast that Qifu Technology, Inc. will post 5.08 earnings per share for the current fiscal year.

Qifu Technology Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, November 1st. Investors 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 yield of 4.7%. The ex-dividend date was Friday, September 27th. Qifu Technology’s dividend payout ratio is 28.37%.

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.