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Video: What is a Stock Split?
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X Financial is a holding company. Through its subsidiaries, Co. engaged in providing personal finance services in the People's Republic of China by connecting borrowers and investors through an internet platform. Co. provides differentiated products catered to the financing needs of individuals in China, mainly categorized into Xiaoying Credit Loan and Xiaoying Revolving Loan. Xiaoying Credit Loan is a category of online personal credit loan products facilitated through Co.'s platform, including Xiaoying Card Loan, Xiaoying Preferred Loan and other unsecured loan products that Co. introduces from time to time. Xiaoying Card Loan is the major product under Xiaoying Credit Loan. According to our X Financial stock split history records, X Financial has had 1 split. | |
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X Financial (XYF) has 1 split in our X Financial stock split history database. The split for XYF took place on November 19, 2020. This was a 1 for 3 reverse split, meaning for each 3 shares of XYF owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as X Financial conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the X Financial stock split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into X Financial shares, starting with a $10,000 purchase of XYF, presented on a split-history-adjusted basis factoring in the complete X Financial stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
09/20/2018 |
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End date: |
04/24/2024 |
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Start price/share: |
$33.30 |
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End price/share: |
$3.83 |
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Starting shares: |
300.30 |
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Ending shares: |
305.61 |
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Dividends reinvested/share: |
$0.30 |
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Total return: |
-88.30% |
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Average Annual Total Return: |
-31.84% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1,170.10 |
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Years: |
5.60 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/20/2018 |
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End date: |
04/24/2024 |
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Start price/share: |
$33.30 |
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End price/share: |
$3.83 |
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Dividends collected/share: |
$0.30 |
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Total return: |
-87.60% |
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Average Annual Total Return: |
-31.13% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1,239.97 |
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Years: |
5.60 |
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Date |
Ratio |
11/19/2020 | 1 for 3 |
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