Trading Report: The Bank of New York Mellon Corp Acquires Shares of 14,495 Qiwi PLC (QIWI)

The Bank of New York Mellon Corp Acquires Shares of 14,495 Qiwi PLC (QIWI)

Bank of New York Mellon Corp bought a new position in shares of Qiwi PLC (NASDAQ:QIWI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,495 shares of the company’s stock, valued at approximately $190,000.

A number of other large investors also recently bought and sold shares of the stock. Genesis Asset Managers LLP boosted its stake in Qiwi PLC by 0.4% in the second quarter. Genesis Asset Managers LLP now owns 1,500,105 shares of the company’s stock worth $19,651,000 after buying an additional 5,759 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Qiwi PLC by 67.8% in the first quarter. Renaissance Technologies LLC now owns 977,200 shares of the company’s stock worth $14,160,000 after buying an additional 395,000 shares during the period. A.R.T. Advisors LLC acquired a new position in shares of Qiwi PLC during the first quarter worth approximately $604,000. Geode Capital Management LLC raised its position in shares of Qiwi PLC by 8.7% in the first quarter. Geode Capital Management LLC now owns 17,884 shares of the company’s stock worth $259,000 after buying an additional 1,424 shares during the period. Finally, BlackRock Inc. raised its position in shares of Qiwi PLC by 19.8% in the first quarter. BlackRock Inc. now owns 8,916 shares of the company’s stock worth $129,000 after buying an additional 1,474 shares during the period. Institutional investors own 58.98% of the company’s stock.

Qiwi PLC (NASDAQ:QIWI) traded up 0.54% during midday trading on Friday, reaching $13.09. The company had a trading volume of 437,064 shares. Qiwi PLC has a 52-week low of $10.42 and a 52-week high of $20.39. The company’s 50-day moving average is $14.68 and its 200 day moving average is $13.45. The company has a market cap of $791.20 million, a PE ratio of 5.02 and a beta of 3.59.

Qiwi PLC (NASDAQ:QIWI) last released its quarterly earnings data on Thursday, August 11th. The company reported $21.02 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $20.74. The business earned $40.80 million during the quarter, compared to the consensus estimate of $38.80 million. Qiwi PLC had a return on equity of 20.20% and a net margin of 27.44%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $18.40 earnings per share. On average, equities research analysts forecast that Qiwi PLC will post $1.17 EPS for the current year.

Separately, Zacks Investment Research lowered Qiwi PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $15.63.

About Qiwi PLC

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. It had deployed over 16.1 million virtual wallets, approximately 172,000 kiosks and terminals, and enabled merchants to accept cash and electronic payments.

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