101,400 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new stake in Qifu Technology, Inc. (NASDAQ:QFIN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 101,400 shares of the company’s stock, valued at approximately $3,892,000. Schonfeld Strategic Advisors LLC owned 0.06% of Qifu Technology at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Qifu Technology by 11.9% in the fourth quarter. AQR Capital Management LLC now owns 2,432,131 shares of the company’s stock worth $93,345,000 after purchasing an additional 258,586 shares during the last quarter. Northern Trust Corp grew its holdings in Qifu Technology by 116.1% during the fourth quarter. Northern Trust Corp now owns 716,467 shares of the company’s stock worth $27,498,000 after buying an additional 384,948 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Qifu Technology during the fourth quarter worth $520,000. Boothbay Fund Management LLC purchased a new stake in Qifu Technology in the 4th quarter valued at $475,000. Finally, Monolith Management Ltd bought a new position in Qifu Technology during the 4th quarter valued at $4,785,000. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Stock Up 6.6 %

NASDAQ QFIN opened at $43.02 on Friday. The company has a market cap of $6.78 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.32 and a beta of 0.53. The firm’s 50-day simple moving average is $40.96 and its two-hundred day simple moving average is $38.60. Qifu Technology, Inc. has a 52 week low of $18.13 and a 52 week high of $48.94.

Qifu Technology (NASDAQ:QFIN) last released its quarterly earnings data on Sunday, March 16th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.14. The company had revenue of $613.89 million for the quarter, compared to analyst estimates of $581.67 million. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. As a group, equities research analysts anticipate that Qifu Technology, Inc. will post 5.71 EPS for the current year.

Qifu Technology Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, April 23rd will be given a $0.70 dividend. This is an increase from Qifu Technology’s previous semi-annual dividend of $0.60. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a yield of 2.5%. Qifu Technology’s payout ratio is presently 23.79%.

Wall Street Analysts Forecast Growth

Separately, Bank of America increased their target price on shares of Qifu Technology from $50.66 to $52.70 and gave the company a “buy” rating in a report on Wednesday, March 26th.

About Qifu Technology

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.