Fideuram Asset Management Ireland dac Makes New $760,000 Investment in Qfin Holdings Inc. – Sponsored ADR $QFIN

Fideuram Asset Management Ireland dac bought a new position in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 39,455 shares of the company’s stock, valued at approximately $760,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Qfin during the fourth quarter worth about $1,149,000. Geode Capital Management LLC raised its position in Qfin by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 1,260,258 shares of the company’s stock worth $24,172,000 after acquiring an additional 62,640 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Qfin during the fourth quarter worth about $247,000. Banque Cantonale Vaudoise grew its holdings in shares of Qfin by 200.0% during the fourth quarter. Banque Cantonale Vaudoise now owns 150,000 shares of the company’s stock worth $2,891,000 after buying an additional 100,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Qfin by 23.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock worth $103,000 after buying an additional 1,016 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qfin Price Performance

Qfin stock opened at $16.08 on Friday. Qfin Holdings Inc. – Sponsored ADR has a 1 year low of $11.31 and a 1 year high of $46.18. The firm has a 50 day moving average price of $13.29 and a 200 day moving average price of $16.06. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 2.95, a PEG ratio of 0.30 and a beta of 0.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.43 and a current ratio of 2.22.

Qfin (NASDAQ:QFIN) last released its earnings results on Tuesday, May 26th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Qfin had a net margin of 27.48% and a return on equity of 20.85%. The firm had revenue of $567.01 million during the quarter, compared to the consensus estimate of $476.92 million. Sell-side analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 3.82 earnings per share for the current year.

Qfin Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 22nd were issued a $0.78 dividend. This represents a yield of 1,176.0%. The ex-dividend date was Wednesday, April 22nd. Qfin’s payout ratio is presently 28.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Bank of America reiterated a “neutral” rating and set a $15.33 price target on shares of Qfin in a report on Wednesday. Finally, Jefferies Financial Group lowered their price target on shares of Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a report on Wednesday, March 18th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Qfin presently has a consensus rating of “Hold” and a consensus target price of $19.91.

Insider Transactions at Qfin

In other Qfin news, Director Xiaohuan Chen acquired 190,000 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was bought at an average cost of $12.89 per share, for a total transaction of $2,449,100.00. Following the completion of the purchase, the director directly owned 190,000 shares in the company, valued at $2,449,100. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.10% of the stock is currently owned by corporate insiders.

Qfin Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China?based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end?to?end digital lending experience, from application and credit evaluation to disbursement and repayment.