Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $180,000 Stake in OneConnect Financial Technology Co., Ltd. (NYSE:OCFT)
A number of other institutional investors have also recently made changes to their positions in the business. UBS Group AG grew its stake in OneConnect Financial Technology by 2.8% during the third quarter. UBS Group AG now owns 200,276 shares of the company’s stock worth $821,000 after buying an additional 5,548 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in OneConnect Financial Technology by 57.4% during the third quarter. Asset Management One Co. Ltd. now owns 31,238 shares of the company’s stock worth $128,000 after buying an additional 11,396 shares in the last quarter. Handelsbanken Fonder AB grew its stake in OneConnect Financial Technology by 23.5% during the third quarter. Handelsbanken Fonder AB now owns 122,400 shares of the company’s stock worth $502,000 after buying an additional 23,300 shares in the last quarter. Geode Capital Management LLC grew its stake in OneConnect Financial Technology by 6.6% during the third quarter. Geode Capital Management LLC now owns 388,866 shares of the company’s stock worth $1,580,000 after buying an additional 24,126 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of OneConnect Financial Technology by 12.0% in the 3rd quarter. Goldman Sachs Group Inc. now owns 250,975 shares of the company’s stock valued at $1,029,000 after purchasing an additional 26,887 shares in the last quarter. Hedge funds and other institutional investors own 16.48% of the company’s stock.
NYSE:OCFT opened at $1.37 on Friday. The firm’s 50 day simple moving average is $1.45 and its 200 day simple moving average is $2.13. OneConnect Financial Technology Co., Ltd. has a one year low of $0.99 and a one year high of $19.60. The company has a market cap of $534.29 million, a PE ratio of -2.58 and a beta of 0.48.
OneConnect Financial Technology (NYSE:OCFT – Get Rating) last posted its earnings results on Thursday, February 24th. The company reported ($0.15) EPS for the quarter. OneConnect Financial Technology had a negative return on equity of 29.06% and a negative net margin of 31.00%. The business had revenue of $200.24 million for the quarter. On average, equities analysts predict that OneConnect Financial Technology Co., Ltd. will post -0.41 earnings per share for the current fiscal year.
OCFT has been the topic of a number of research analyst reports. HSBC downgraded shares of OneConnect Financial Technology from a “buy” rating to a “hold” rating in a research note on Thursday, February 24th. JPMorgan Chase & Co. downgraded shares of OneConnect Financial Technology from a “neutral” rating to an “underweight” rating in a research note on Monday, March 14th. Finally, Zacks Investment Research upgraded shares of OneConnect Financial Technology from a “sell” rating to a “hold” rating in a research note on Thursday, April 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.50.
OneConnect Financial Technology Profile (Get Rating)
OneConnect Financial Technology Co, Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People’s Republic of China. It offers digital retail banking, digital commercial banking, digital auto insurance and life insurance, and artificial intelligence customer services, as well as sales management, risk management, and operation support services.
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