O Shaughnessy Asset Management LLC Has $841,000 Holdings in LexinFintech Holdings Ltd. (NASDAQ:LX)

O Shaughnessy Asset Management LLC grew its position in LexinFintech Holdings Ltd. (NASDAQ:LX) by 488.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 144,990 shares of the company’s stock after purchasing an additional 120,336 shares during the period. O Shaughnessy Asset Management LLC’s holdings in LexinFintech were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in LX. Sanctuary Advisors LLC acquired a new stake in LexinFintech in the 4th quarter worth about $1,332,000. Public Employees Retirement System of Ohio bought a new position in shares of LexinFintech during the third quarter worth approximately $467,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of LexinFintech in the fourth quarter valued at approximately $445,000. Y Intercept Hong Kong Ltd bought a new stake in shares of LexinFintech in the fourth quarter valued at approximately $363,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in LexinFintech during the fourth quarter worth approximately $29,000.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $13.60 price objective on LexinFintech and gave the company a “buy” rating in a report on Friday, March 21st.

LexinFintech Trading Down 12.5 %

Shares of LexinFintech stock opened at $7.18 on Tuesday. The firm’s 50-day moving average price is $9.10 and its two-hundred day moving average price is $6.12. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.40 and a beta of 0.32. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. LexinFintech Holdings Ltd. has a 12-month low of $1.56 and a 12-month high of $11.64.

LexinFintech (NASDAQ:LX) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The business had revenue of $501.26 million during the quarter.

LexinFintech Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be given a dividend of $0.11 per share. This is an increase from LexinFintech’s previous semi-annual dividend of $0.07. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, April 17th. LexinFintech’s dividend payout ratio is currently 18.89%.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.