Paloma Partners Management Co. recently announced the acquisition of new stake in CNFinance Holdings Limited (NYSE:CNF). This fresh investment now brings its stake to 4.45% valued currently at $5.22 million. In addition, Axxcess Wealth Management LLC raised its holdings by 0.98 million to 0.98 million shares. And Dimensional Fund Advisors LP has lifted its position by 6.65% or 12644.0 shares – to 0.2 million shares.
With over 0.15 million CNFinance Holdings Limited (CNF) shares trading Friday and a closing price of $1.81 on the day, the dollar volume was approximately $0.27 million. Currently, there are 57.53M common shares owned by the public and among those 39.72M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for CNF have a consensus price objective of $39.32. The analysts have set the share’s price value over the next 12 months at a high of $39.32 and a low of $39.32. The average price target is 67.09% above its recent price level and an upside to the estimated low will see the stock gain 95.4% over that period. But an upside of 95.4% will see the stock hit the forecast high price target while median target price for the stock is $39.32.
The top 3 mutual fund holders in CNFinance Holdings Limited are Fidelity China Special Situations, DFA Emerging Markets Core Equity, and DFA Emerging Markets Small Cap Se. Fidelity China Special Situations owns 0.25 million shares of the company’s stock, all valued at over $0.43 million. DFA Emerging Markets Small Cap Se now owns shares totaling to 0.07% of the shares outstanding.
Shares of CNFinance Holdings Limited (NYSE: CNF) opened at $1.77, down -$0.04 from a prior closing price of $1.81. The company’s stock has a 5-day price change of 7.10% and -31.95% over the past three months. CNF shares are trading 5.85% year to date (YTD), with the 12-month market performance down to -51.73% lower. It has a 12-month low price of $1.25 and touched a high of $3.94 over the same period. CNF has an average intraday trading volume of 49.04K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.92%, -1.90%, and -26.07% respectively.
Institutional ownership of CNFinance Holdings Limited (NYSE: CNF) shares accounts for 11.50% of the company’s 57.53M shares outstanding. Mutual fund holders own 0.63%, while other institutional holders and individual stakeholders account for 10.86% and — respectively.
It has a market capitalization of $124.09M and a beta (3y monthly) value of 0.22. The earnings-per-share (ttm) stands at -$0.02. The company has a debt-to-equity ratio at 1.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.96% over the week and 10.39% over the month.
Analysts forecast that CNFinance Holdings Limited (CNF) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.04 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate CNFinance Holdings Limited (CNF) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
