FinVolution Group (NYSE:FINV – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $5.00, but opened at $4.82. FinVolution Group shares last traded at $4.82, with a volume of 373,315 shares trading hands.
FinVolution Group Price Performance
The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 4.03 and a beta of 0.52. The company has a fifty day moving average price of $5.06 and a two-hundred day moving average price of $4.86.
FinVolution Group (NYSE:FINV – Get Free Report) last announced its earnings results on Monday, March 18th. The company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $454.03 million for the quarter. FinVolution Group had a return on equity of 18.53% and a net margin of 18.70%.
FinVolution Group Increases Dividend
Institutional Trading of FinVolution Group
Several large investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. bought a new stake in FinVolution Group during the 2nd quarter valued at approximately $37,000. Ballentine Partners LLC bought a new stake in FinVolution Group during the 4th quarter valued at approximately $56,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in FinVolution Group during the 2nd quarter valued at approximately $57,000. Vident Investment Advisory LLC acquired a new position in FinVolution Group in the 4th quarter valued at approximately $58,000. Finally, SVB Wealth LLC acquired a new position in FinVolution Group in the 2nd quarter valued at approximately $61,000. Institutional investors own 31.15% of the company’s stock.
FinVolution Group Company Profile
FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by proprietary technologies connects underserved borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.
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