FinVolution Group (NYSE:FINV) Receives Average “Buy” Rating from Analysts

FinVolution Group (NYSE:FINV – Get Rating) has been given an average “Buy” rating by the six analysts who cover the company, Marketbeat reports. Two investment analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among brokers who have reported on the stock over the past year is $6.82.

Several equity research analysts have recently released reports on the stock. Citigroup cut its price target on FinVolution Group shares from $7.27 to $3.27 and set a “neutral” rating for the company in a Wednesday, March 16 research note. CICC Research began covering FinVolution Group shares in a research report on Friday, May 6. They set an “outperform” rating for the company.

FINV stock opened at $4.21 on Tuesday. The stock has a 50-day moving average price of $3.85 and a 200-day moving average price of $4.40. The stock has a market capitalization of $1.18 billion, a PE ratio of 3.19 and a beta of 0.96. FinVolution Group has a 1-year low of $2.68 and a 1-year high of $10.41.

FinVolution Group (NYSE:FINV – Get Rating) last released its results on Monday, March 14. The company reported earnings per share (EPS) of $0.37 for the quarter. FinVolution Group achieved a net margin of 26.49% and a return on equity of 26.57%. The company had revenue of $384.15 million in the quarter.

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The company also recently disclosed an annual dividend, which was paid on Friday, May 6. Shareholders of record on Wednesday, April 13 received a dividend of $0.205 per share. The ex-dividend date was Tuesday, April 12. This is an increase from FinVolution Group’s previous annual dividend of $0.17. This represents a return of 4.5%. FinVolution Group’s dividend payout ratio (DPR) is 14.39%.

Hedge funds have recently changed their stakes in the company. Virginia Retirement Systems ET AL purchased a new stock position in FinVolution Group during the fourth quarter for a value of approximately $117,000. Allspring Global Investments Holdings LLC purchased a new stock position in FinVolution Group during the fourth quarter for a value of approximately $54,989,000. Two Sigma Investments LP increased its holdings of FinVolution Group shares by 338.6% during the third quarter. Two Sigma Investments LP now owns 354,678 shares of the company worth $2,000,000 after purchasing an additional 273,820 shares during the period. California Public Employees Retirement System bought a new position in FinVolution Group stock during the third quarter worth approximately $1,803,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in FinVolution Group by 42.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,276,004 shares of the company valued at $7,197,000 after acquiring 382,238 additional shares in the last quarter.

FinVolution Group Company Profile (Get a rating)

FinVolution Group, an investment holding company, operates an online consumer credit market in the People’s Republic of China. It operates a fintech platform that connects underserved individual borrowers to financial institutions. The Company’s platform offers standard and other loan products.

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