Shell Asset Management Co. Sells 5,600 Shares of FinVolution Group (NYSE:FINV)

Shell Asset Management Co. lowered its stake in shares of FinVolution Group (NYSE:FINV – Get Rating) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,934 shares of the company’s stock after selling 5,600 shares during the quarter. Shell Asset Management Co.’s holdings in FinVolution Group were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new position in shares of FinVolution Group in the third quarter worth about $45,000. Wipfli Financial Advisors LLC purchased a new position in FinVolution Group during the third quarter valued at approximately $51,000. Kathmere Capital Management LLC purchased a new position in FinVolution Group during the fourth quarter valued at approximately $58,000. SVB Wealth LLC acquired a new stake in FinVolution Group in the second quarter valued at approximately $61,000. Finally, SG Americas Securities LLC acquired a new stake in FinVolution Group in the fourth quarter valued at approximately $64,000. 16.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FINV shares. UBS Group raised FinVolution Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 1st. Citigroup downgraded FinVolution Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $5.68 to $5.08 in a report on Wednesday, March 15th.

FinVolution Group Stock Performance

Shares of FINV stock opened at $4.10 on Friday. The stock has a fifty day moving average price of $4.07 and a 200 day moving average price of $4.71. The stock has a market cap of $1.18 billion, a PE ratio of 3.53 and a beta of 0.62. FinVolution Group has a 1 year low of $3.40 and a 1 year high of $5.92.

FinVolution Group (NYSE:FINV – Get Rating) last issued its quarterly earnings data on Tuesday, March 14th. The company reported $0.29 EPS for the quarter. FinVolution Group had a return on equity of 20.19% and a net margin of 20.40%. The company had revenue of $442.21 million for the quarter.

FinVolution Group Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 5th. Shareholders of record on Thursday, April 13th were given a $0.215 dividend. This represents a yield of 5.61%. This is an increase from FinVolution Group’s previous annual dividend of $0.21. The ex-dividend date of this dividend was Wednesday, April 12th. FinVolution Group’s dividend payout ratio is 16.38%.

FinVolution Group Company Profile

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