California Public Employees Retirement System Lowers Stock Position in FinVolution Group (NYSE:FINV)

California Public Employees Retirement System trimmed its stake in FinVolution Group (NYSE:FINV) by 5.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 272,492 shares of the company’s stock after selling 16,483 shares during the period. California Public Employees Retirement System owned about 0.10% of FinVolution Group worth $1,335,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Ballentine Partners LLC purchased a new position in shares of FinVolution Group during the fourth quarter worth $56,000. Vanguard Personalized Indexing Management LLC grew its position in FinVolution Group by 21.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 24,750 shares of the company’s stock valued at $123,000 after acquiring an additional 4,441 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of FinVolution Group during the third quarter worth about $148,000. Quantbot Technologies LP purchased a new position in shares of FinVolution Group in the third quarter valued at approximately $165,000. Finally, SCEP Management Ltd acquired a new position in shares of FinVolution Group in the third quarter valued at approximately $183,000. 31.15% of the stock is currently owned by institutional investors and hedge funds.

FinVolution Group Stock Down 0.4 %

Shares of FINV opened at $5.01 on Monday. FinVolution Group has a fifty-two week low of $3.78 and a fifty-two week high of $6.05. The company has a market cap of $1.42 billion, a P/E ratio of 4.28 and a beta of 0.45. The firm’s 50 day moving average price is $5.03 and its 200 day moving average price is $4.85.

FinVolution Group (NYSE:FINV) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.29 earnings per share (EPS) for the quarter. FinVolution Group had a return on equity of 18.53% and a net margin of 18.70%. The business had revenue of $454.03 million for the quarter.

FinVolution Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.237 per share. This represents a dividend yield of 4.88%. This is a positive change from FinVolution Group’s previous annual dividend of $0.22. The ex-dividend date is Monday, April 15th. FinVolution Group’s dividend payout ratio is presently 18.80%.

FinVolution Group Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by 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.