close
close

California’s Public Employees’ Retirement System Cuts Stakes in FinVolution Group (NYSE:FINV)

California’s Public Employees’ Retirement System Cuts Stakes in FinVolution Group (NYSE:FINV)


California Public Employees Retirement System cut its stake in FinVolution Group (NYSE:FINV – Free Report) by 5.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 272,492 shares of the company after selling 16,483 shares during the period. California Public Employees Retirement System’s stake in FinVolution Group was worth $1,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of FinVolution Group by 19.4% during the third quarter. Barclays PLC now owns 520,760 shares of the company’s stock worth $2,593,000 after purchasing an additional 84,774 shares during the period. New York State Common Retirement Fund grew its holdings in shares of FinVolution Group by 267.4% in the third quarter. New York State Common Retirement Fund now owns 155,865 shares of the company’s stock worth $776,000 after purchasing an additional 113,444 shares during the period. Quantbot Technologies LP bought a new stake in shares of FinVolution Group during the third quarter worth approximately $165,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of FinVolution Group by 21.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,750 shares of the company’s stock worth $123,000 after purchasing an additional 4,441 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of FinVolution Group by 150.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,443 shares of the company’s stock valued at $874,000 after purchasing an additional 105,477 shares during the period. Hedge funds and other institutional investors own 31.15% of the company’s shares.

FinVolution Group stock performance

Shares of NYSE:FINV opened at $5.01 on Monday. FinVolution Group has a 1-year low of $3.78 and a 1-year high of $6.05. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 4.28 and a beta of 0.45. The stock has a 50-day simple moving average of $5.03 and a 200-day simple moving average of $4.85.

FinVolution Group (NYSE:FINV – Get Free Report) posted its latest earnings results on Monday, March 18. The company reported earnings per share of $0.29 for the quarter. FinVolution Group had a return on equity of 18.53% and a net margin of 18.70%. The company had revenue of $454.03 million during the quarter.

FinVolution Group increases dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 7. A dividend of $0.237 will be paid to shareholders of record on Tuesday, April 16. This represents a return of 4.88%. The ex-dividend date is Monday, April 15. This is a boost from FinVolution Group’s previous annual dividend of $0.22. FinVolution Group’s dividend payout ratio currently stands at 18.80%.

FinVolution Group Profile

(Free report)

FinVolution Group is active in the online consumer finance sector. The company operates a fintech platform supported by borrowers at financial institutions. It operates in China and internationally. The company was previously called PPDAI Group Inc and changed its name to FinVolution Group in November 2019.

Featured Stories

Would you like to see which other hedge funds hold FINV? Visit HoldingsChannel.com for the latest 13F filings and insider trades for FinVolution Group (NYSE:FINV – Free Report).

Quarterly Institutional Ownership for FinVolution Group (NYSE:FINV)



Receive daily news and reviews for FinVolution Group – Enter your email address below to receive a daily summary of the latest news and analyst ratings for FinVolution Group and associated companies with MarketBeat.com’s FREE daily email newsletter.