Shell Asset Management Co. Purchases 4,572 Shares of FinVolution Group (NYSE:FINV)

Shell Asset Management Co. boosted its position in FinVolution Group (NYSE:FINV – Get Rating) by 14.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,534 shares of the company’s stock after acquiring an additional 4,572 shares during the period. Shell Asset Management Co.’s holdings in FinVolution Group were worth $152,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FINV. Bank of New York Mellon Corp grew its holdings in FinVolution Group by 54.7% in the 1st quarter. Bank of New York Mellon Corp now owns 26,583 shares of the company’s stock worth $105,000 after acquiring an additional 9,396 shares during the last quarter. American Century Companies Inc. raised its holdings in FinVolution Group by 7.1% in the first quarter. American Century Companies Inc. now owns 81,891 shares of the company’s stock worth $325,000 after buying an additional 5,448 shares during the last quarter. Citigroup Inc. raised its holdings in FinVolution Group by 7.2% in the first quarter. Citigroup Inc. now owns 84,485 shares of the company’s stock worth $335,000 after buying an additional 5,649 shares during the last quarter. BlackRock Inc. raised its holdings in FinVolution Group by 7.6% in the first quarter. BlackRock Inc. now owns 2,611,345 shares of the company’s stock worth $10,366,000 after buying an additional 184,843 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in FinVolution Group by 13.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,158,405 shares of the company’s stock worth $4,601,000 after buying an additional 136,459 shares during the last quarter. Institutional investors own 16.73% of the company’s stock.

FinVolution Group Stock Down 1.6 %

FinVolution Group stock opened at $5.07 on Wednesday. FinVolution Group has a 52-week low of $2.68 and a 52-week high of $5.92. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 4.12 and a beta of 0.65. The firm’s fifty day moving average is $5.39 and its 200 day moving average is $4.88.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of FinVolution Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 1st.

FinVolution Group Profile

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FinVolution Group is an online consumer finance platform in China connecting underserved individual borrowers with financial institutions. The firm has developed technologies and accumulates in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence.