United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes Position in Qfin Holdings Inc. – Sponsored ADR $QFIN

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 59,641 shares of the company’s stock, valued at approximately $1,149,000.

Several other large investors have also modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of Qfin by 51.7% during the first quarter. Royal Bank of Canada now owns 6,508 shares of the company’s stock worth $293,000 after purchasing an additional 2,219 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Qfin during the first quarter worth $29,000. Goldman Sachs Group Inc. lifted its holdings in shares of Qfin by 32.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company’s stock worth $72,028,000 after purchasing an additional 395,589 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Qfin by 333.8% during the second quarter. California State Teachers Retirement System now owns 34,810 shares of the company’s stock worth $1,509,000 after purchasing an additional 26,786 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Qfin by 45.0% during the third quarter. CIBC Asset Management Inc now owns 7,967 shares of the company’s stock worth $229,000 after purchasing an additional 2,471 shares during the period. 74.81% of the stock is owned by institutional investors and hedge funds.

Qfin Trading Up 4.6%

Qfin stock opened at $16.08 on Friday. The stock has a market cap of $2.28 billion, a PE ratio of 2.95, a P/E/G ratio of 0.29 and a beta of 0.54. The stock has a 50-day moving average price of $13.29 and a 200 day moving average price of $16.06. Qfin Holdings Inc. – Sponsored ADR has a 52 week low of $11.31 and a 52 week high of $46.18. The company has a current ratio of 2.22, a quick ratio of 2.43 and a debt-to-equity ratio of 0.03.

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

Qfin Announces Dividend

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

Insider Activity at Qfin

In related news, Director Xiaohuan Chen bought 190,000 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The shares were acquired at an average cost of $12.89 per share, for a total transaction of $2,449,100.00. Following the acquisition, the director owned 190,000 shares in the company, valued at $2,449,100. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 17.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on QFIN. Bank of America reaffirmed a “neutral” rating and set a $15.33 price target on shares of Qfin in a report on Wednesday. Weiss Ratings raised Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Jefferies Financial Group decreased their price target on 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Qfin currently has an average rating of “Hold” and an average price target of $19.91.

Qfin Company 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.