Qifu Technology, Inc. (NASDAQ:QFIN) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 66.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,369,278 shares of the company’s stock after purchasing an additional 548,678 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.85% of Qifu Technology worth $40,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QFIN. Vanguard Group Inc. raised its holdings in Qifu Technology by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,651,879 shares of the company’s stock worth $85,734,000 after purchasing an additional 30,522 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Qifu Technology by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,193,893 shares of the company’s stock worth $43,262,000 after buying an additional 109,809 shares during the period. AQR Capital Management LLC purchased a new position in shares of Qifu Technology during the 2nd quarter valued at approximately $25,560,000. Acadian Asset Management LLC lifted its position in shares of Qifu Technology by 1,789.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company’s stock valued at $24,450,000 after buying an additional 1,174,824 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Qifu Technology by 35.5% in the 2nd quarter. Millennium Management LLC now owns 1,198,882 shares of the company’s stock valued at $23,654,000 after acquiring an additional 314,323 shares during the period. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Stock Up 2.1 %

QFIN stock opened at $33.64 on Wednesday. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $35.23. The firm has a 50-day simple moving average of $29.61 and a 200-day simple moving average of $23.61. The stock has a market capitalization of $5.43 billion, a P/E ratio of 8.09, a P/E/G ratio of 0.44 and a beta of 0.61.

Qifu Technology (NASDAQ:QFIN) last released its earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.23. The business had revenue of $572.44 million for the quarter, compared to the consensus estimate of $582.69 million. Qifu Technology had a return on equity of 21.82% and a net margin of 28.06%. On average, analysts expect that Qifu Technology, Inc. will post 5.08 earnings per share for the current year.

Qifu Technology Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, September 27th were paid a $0.60 dividend. This represents a yield of 4.7%. This is a positive change from Qifu Technology’s previous semi-annual dividend of $0.57. The ex-dividend date of this dividend was Friday, September 27th. Qifu Technology’s dividend payout ratio (DPR) 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.