AJOVista LLC Invests $647,000 in FinVolution Group (NYSE:FINV)

AJOVista LLC bought a new stake in shares of FinVolution Group (NYSE:FINV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 132,135 shares of the company’s stock, valued at approximately $647,000. FinVolution Group accounts for approximately 0.8% of AJOVista LLC’s investment portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC bought a new stake in shares of FinVolution Group in the fourth quarter valued at approximately $56,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of FinVolution Group by 21.9% during the 3rd 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. Quadrature Capital Ltd acquired a new position in shares of FinVolution Group during the third quarter valued at about $148,000. Quantbot Technologies LP bought a new stake in shares of FinVolution Group in the third quarter valued at about $165,000. Finally, SCEP Management Ltd acquired a new stake in FinVolution Group during the third quarter worth about $183,000. Institutional investors and hedge funds own 31.15% of the company’s stock.

FinVolution Group Stock Down 0.4 %

FinVolution Group stock traded down $0.02 during trading hours on Friday, hitting $5.01. The stock had a trading volume of 394,584 shares, compared to its average volume of 643,695. The company has a 50-day moving average of $5.03 and a two-hundred day moving average of $4.85. FinVolution Group has a fifty-two week low of $3.78 and a fifty-two week high of $6.05. The company has a market cap of $1.42 billion, a PE ratio of 4.28 and a beta of 0.45.

FinVolution Group (NYSE:FINV) last released its quarterly earnings data on Monday, March 18th. The company reported $0.29 earnings per share (EPS) for the quarter. FinVolution Group had a return on equity of 18.53% and a net margin of 18.70%. The business had revenue of $454.03 million for the quarter.

FinVolution Group Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.237 per share. This is a positive change from FinVolution Group’s previous annual dividend of $0.22. This represents a dividend yield of 4.88%. The ex-dividend date of this dividend is Monday, April 15th. FinVolution Group’s payout ratio is 18.80%.

About FinVolution Group

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by 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.