Barclays PLC Grows Stake in PPDAI Group Inc – (PPDF)

Barclays PLC lifted its position in shares of PPDAI Group Inc – (NYSE:PPDF) by 856.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 193,857 shares of the company’s stock after purchasing an additional 173,583 shares during the quarter. Barclays PLC owned about 0.06% of PPDAI Group worth $698,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in shares of PPDAI Group during the 3rd quarter valued at approximately $35,000. Bank of Montreal Can grew its stake in PPDAI Group by 13.9% during the 4th quarter. Bank of Montreal Can now owns 29,962 shares of the company’s stock worth $108,000 after buying an additional 3,662 shares during the last quarter. Jane Street Group LLC bought a new position in PPDAI Group during the 3rd quarter worth $214,000. BlackRock Inc. grew its stake in PPDAI Group by 37.8% during the 3rd quarter. BlackRock Inc. now owns 74,125 shares of the company’s stock worth $399,000 after buying an additional 20,344 shares during the last quarter. Finally, Northern Trust Corp bought a new position in PPDAI Group during the 4th quarter worth $285,000. Institutional investors and hedge funds own 9.70% of the company’s stock.

PPDF has been the subject of a number of recent research reports. ValuEngine upgraded PPDAI Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. Zacks Investment Research raised PPDAI Group from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research note on Tuesday, February 12th.

Shares of NYSE:PPDF traded down $0.13 on Friday, hitting $5.38. The company’s stock had a trading volume of 819,165 shares, compared to its average volume of 1,548,543. PPDAI Group Inc – has a 12 month low of $2.85 and a 12 month high of $8.45. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 4.80 and a beta of 1.56.

PPDAI Group (NYSE:PPDF) last announced its earnings results on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.12. PPDAI Group had a return on equity of 48.37% and a net margin of 57.23%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the business posted ($5.82) earnings per share. The company’s quarterly revenue was up 34.6% on a year-over-year basis. Equities analysts expect that PPDAI Group Inc – will post 0.97 EPS for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be paid a dividend of $0.0283 per share. The ex-dividend date is Thursday, April 4th. PPDAI Group’s dividend payout ratio is currently 15.18%.

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PPDAI Group Profile

PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard and other loan products; and investment services to investors.

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Institutional Ownership by Quarter for PPDAI Group (NYSE:PPDF)

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