Provident Living Financial Services Inc. Acquires Shares of 947,387 SoFi Technologies, Inc. $SOFI

09 Apr 2026, 12:02 by Michael Walen · The Markets Daily

Provident Living Financial Services Inc. acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 947,387 shares of the company’s stock, valued at approximately $24,803,000. SoFi Technologies makes up about 23.6% of Provident Living Financial Services Inc.’s investment portfolio, making the stock its largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after acquiring an additional 878 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of SoFi Technologies during the 4th quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SoFi Technologies during the 4th quarter valued at approximately $29,000. SJS Investment Consulting Inc. grew its position in shares of SoFi Technologies by 840.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in shares of SoFi Technologies during the 3rd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Key Headlines Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

Positive Sentiment: Company fundamentals showed strength: SoFi reported strong quarterly revenue growth, a large increase in fee-based revenue and expanding Financial Services & Tech Platform contribution — signs of a shift toward capital-light, fee-driven growth that supports longer-term margins and valuation. Read More.
Positive Sentiment: Brand and consumer recognition improved after SoFi topped Forbes’ Best Banks list in the U.S., a reputational win that can help member growth and deposit/loan flows over time. Read More.
Neutral Sentiment: Market action was mixed: analysts and reports note the stock gained in the latest session but underperformed the broader market, reflecting investor caution despite positive headlines. Read More.
Neutral Sentiment: Analyst and media coverage is prompting reassessment: several articles frame SoFi as a high-growth fintech that has seen a sharp pullback year-to-date, leaving investors debating whether current prices fairly reflect growth prospects or discounted expectations. Read More.
Neutral Sentiment: Coverage asking whether to “buy the dip” highlights volatility and long-term returns — useful context but not an immediate catalyst. Read More.
Negative Sentiment: Analyst downside: Barclays trimmed its price target on SoFi, which can feed short-term selling pressure and signal tempered near-term expectations among institutional investors. Read More.
Negative Sentiment: Recent sell-off drivers remain a concern: reporting attributes last month’s double-digit decline to geopolitical risk and other macro/sector factors, underscoring that external shocks can amplify volatility for growth fintech names like SoFi. Read More.
Negative Sentiment: Credit and performance risks: while charge-offs remain modest, small upticks and heavy YTD share declines keep investor focus on credit trends and execution, which could weigh on sentiment if metrics deteriorate. Read More.

SoFi Technologies Stock Up 2.4%

SOFI opened at $16.49 on Thursday. The company has a 50 day moving average of $18.48 and a 200 day moving average of $24.41. The company has a market cap of $21.03 billion, a PE ratio of 43.40 and a beta of 2.24. SoFi Technologies, Inc. has a 12 month low of $9.31 and a 12 month high of $32.73. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI – Get Free Report) last released its quarterly earnings data on Friday, January 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. SoFi Technologies’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 9,755 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $18.87, for a total value of $184,076.85. Following the completion of the transaction, the executive vice president directly owned 293,725 shares of the company’s stock, valued at $5,542,590.75. This trade represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Robert S. Lavet purchased 5,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was purchased at an average cost of $21.04 per share, with a total value of $105,200.00. Following the completion of the acquisition, the general counsel owned 17,172 shares in the company, valued at approximately $361,298.88. This trade represents a 41.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 38,900 shares of company stock worth $705,398 and sold 218,148 shares worth $4,161,735. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Wells Fargo & Company began coverage on shares of SoFi Technologies in a research report on Thursday, March 19th. They set an “equal weight” rating and a $19.00 target price for the company. JPMorgan Chase & Co. upgraded SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a report on Thursday, January 22nd. Finally, UBS Group set a $24.50 price objective on shares of SoFi Technologies in a report on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.32.

Get Our Latest Report on SoFi Technologies

SoFi Technologies Company Profile

(Free Report)

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.

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