On February 1, 2023, UBS upgraded their outlook for FinVolution Group from Neutral to Buy.
Analyst Price Forecast Suggests 11.19% Upside
As of February 2, 2023, the average one-year price target for FinVolution Group is $6.42. The forecasts range from a low of $5.74 to a high of $7.21. The average price target represents an increase of 11.19% from its latest reported closing price of $5.77.
The projected annual revenue for FinVolution Group is $13,065MM, an increase of 23.18%. The projected annual EPS is $9.65, an increase of 15.93%.
What are large shareholders doing?
Gold Dragon Worldwide Asset Management holds 16,548,051 shares representing 5.80% ownership of the company. In it’s prior filing, the firm reported owning 17,673,940 shares, representing a decrease of 6.80%. The firm increased its portfolio allocation in FINV by 4.36% over the last quarter.
Susquehanna International Group, Llp holds 16,488,262 shares representing 5.78% ownership of the company. No change in the last quarter.
Allspring Global Investments Holdings holds 10,933,728 shares representing 3.83% ownership of the company. In it’s prior filing, the firm reported owning 11,439,728 shares, representing a decrease of 4.63%. The firm decreased its portfolio allocation in FINV by 54.53% over the last quarter.
EMGAX – Wells Fargo Emerging Markets Equity Fund holds 4,401,985 shares representing 1.54% ownership of the company. No change in the last quarter.
VEIEX – Vanguard Emerging Markets Stock Index Fund Investor Shares holds 2,140,019 shares representing 0.75% ownership of the company. No change in the last quarter.
Fund Sentiment
There are 126 funds or institutions reporting positions in FinVolution Group. This is an increase of three owners or 2.44% in the last quarter.
Average portfolio weight of all funds dedicated to US:FINV is 0.4252%, a decrease of 2.9441%. Total shares owned by institutions increased in the last three months by 1.46% to 70,249K shares.
FinVolution Group Background Information
(This description is provided by the company.)
FinVolution Group is a leading fintech platform in China, connecting underserved individual borrowers with financial institutions. Established in 2007, the Company is a pioneer in China’s online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company’s platform features a highly automated loan transaction process, which enables a superior user experience. As of December 31, 2020, the Company had over 116.1 million cumulative registered users.
This article originally appeared on Fintel
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
