XTX Topco Ltd Buys New Shares in Qifu Technology, Inc. (NASDAQ:QFIN)

XTX Topco Ltd purchased a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,916 shares of the company’s stock, valued at approximately $215,000.

Several other large investors have also added to or reduced their stakes in QFIN. Ashton Thomas Private Wealth LLC purchased a new stake in Qifu Technology in the second quarter valued at approximately $31,000. Blue Trust Inc. boosted its stake in shares of Qifu Technology by 598.4% in the second quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after buying an additional 1,484 shares during the last quarter. Parallel Advisors LLC grew its holdings in Qifu Technology by 83.9% during the fourth quarter. Parallel Advisors LLC now owns 2,426 shares of the company’s stock worth $38,000 after acquiring an additional 1,107 shares during the period. Janiczek Wealth Management LLC raised its position in Qifu Technology by 131.4% during the first quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company’s stock valued at $44,000 after acquiring an additional 1,355 shares in the last quarter. Finally, Barometer Capital Management Inc. purchased a new position in shares of Qifu Technology during the 4th quarter valued at approximately $127,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Stock Performance

QFIN stock opened at $29.58 on Monday. Qifu Technology, Inc. has a one year low of $13.68 and a one year high of $29.69. The firm’s fifty day moving average is $23.56 and its 200 day moving average is $20.93. The firm has a market cap of $4.77 billion, a PE ratio of 7.66, a P/E/G ratio of 0.47 and a beta of 0.61.

Qifu Technology (NASDAQ:QFIN) last released its quarterly 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 return on equity of 21.82% and a net margin of 28.06%. The company had revenue of $572.44 million during the quarter, compared to analysts’ expectations of $582.69 million. Research analysts predict that Qifu Technology, Inc. will post 4.94 earnings per share for the current fiscal year.

Qifu Technology Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a yield of 4.7%. This is a boost from Qifu Technology’s previous semi-annual dividend of $0.57. Qifu Technology’s dividend payout ratio (DPR) is currently 29.53%.

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.