FinVolution Group (NYSE:FINV) Announces Quarterly Earnings Results

FinVolution Group (NYSE:FINVGet Free Report) posted its quarterly earnings data on Monday. The company reported $0.29 EPS for the quarter, Zacks reports. FinVolution Group had a net margin of 18.70% and a return on equity of 18.83%. The business had revenue of $454.03 million for the quarter.

FinVolution Group Price Performance

Shares of NYSE:FINV opened at $4.86 on Wednesday. The firm’s 50 day simple moving average is $4.93 and its two-hundred day simple moving average is $4.86. The company has a market capitalization of $1.37 billion, a P/E ratio of 4.15 and a beta of 0.51. FinVolution Group has a 1-year low of $3.63 and a 1-year high of $6.05.

FinVolution Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Tuesday, April 16th will be issued a $0.237 dividend. This represents a yield of 4.88%. This is a positive change from FinVolution Group’s previous annual dividend of $0.22. The ex-dividend date is Monday, April 15th. FinVolution Group’s dividend payout ratio is currently 16.24%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in FinVolution Group by 54.7% during the first quarter. Bank of New York Mellon Corp now owns 26,583 shares of the company’s stock valued at $105,000 after acquiring an additional 9,396 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of FinVolution Group by 66.1% during the third quarter. Tower Research Capital LLC TRC now owns 17,782 shares of the company’s stock valued at $89,000 after purchasing an additional 7,078 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of FinVolution Group by 24.7% in the fourth quarter. Profund Advisors LLC now owns 18,146 shares of the company’s stock worth $89,000 after purchasing an additional 3,597 shares during the last quarter. Alliancebernstein L.P. bought a new stake in shares of FinVolution Group in the third quarter worth about $70,000. Finally, Creative Planning purchased a new stake in shares of FinVolution Group in the fourth quarter worth about $64,000. Institutional investors own 31.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Nomura began coverage on FinVolution Group in a research note on Monday, December 18th. They set a “buy” rating for the company.

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FinVolution Group Company Profile

(Get Free Report)

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by proprietary technologies connects underserved borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.

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Earnings History for FinVolution Group (NYSE:FINV)

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