SG Americas Securities LLC lifted its position in Qiwi PLC (NASDAQ:QIWI) by 44.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,329 shares of the credit services provider’s stock after acquiring an additional 14,645 shares during the quarter. SG Americas Securities LLC owned approximately 0.11% of Qiwi worth $802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QIWI. Cambridge Investment Research Advisors Inc. purchased a new stake in Qiwi during the second quarter valued at about $201,000. Ameriprise Financial Inc. purchased a new stake in Qiwi during the second quarter valued at about $260,000. Wells Fargo & Company MN lifted its holdings in Qiwi by 110.5% during the second quarter. Wells Fargo & Company MN now owns 15,378 shares of the credit services provider’s stock valued at $380,000 after purchasing an additional 8,073 shares during the last quarter. Fred Alger Management Inc. purchased a new stake in Qiwi during the second quarter valued at about $419,000. Finally, Northern Trust Corp lifted its holdings in Qiwi by 19.4% during the second quarter. Northern Trust Corp now owns 20,283 shares of the credit services provider’s stock valued at $501,000 after purchasing an additional 3,296 shares during the last quarter. Hedge funds and other institutional investors own 17.62% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Qiwi from a “buy” rating to a “hold” rating in a report on Sunday. Zacks Investment Research raised shares of Qiwi from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 15th. VTB Capital raised shares of Qiwi from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Finally, BidaskClub downgraded shares of Qiwi from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Qiwi presently has an average rating of “Hold” and a consensus target price of $22.67.

Shares of Qiwi PLC (NASDAQ QIWI) opened at $13.80 on Wednesday. The firm has a market cap of $633.12, a P/E ratio of 12.37 and a beta of 3.23. Qiwi PLC has a one year low of $11.60 and a one year high of $26.55.

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Qiwi Company Profile

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.

Institutional Ownership by Quarter for Qiwi (NASDAQ:QIWI)

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