Lufax (NYSE:LU) Trading Up 2.9%

Lufax Holding Ltd (NYSE:LU) shares rose 2.9% during mid-day trading on Thursday . The company traded as high as $4.29 and last traded at $4.28. Approximately 322,474 shares traded hands during trading, a decline of 94% from the average daily volume of 5,064,588 shares. The stock had previously closed at $4.16.

Analyst Ratings Changes

LU has been the topic of a number of recent research reports. Bank of America cut shares of Lufax from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. Morgan Stanley lifted their target price on shares of Lufax from $3.00 to $4.80 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.91.

Lufax Trading Up 1.6 %

The business’s 50-day moving average price is $3.45 and its 200 day moving average price is $3.36. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 18.87 and a beta of 0.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.59.

Lufax (NYSE:LU) last posted its quarterly earnings data on Thursday, March 21st. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.18). Lufax had a net margin of 2.59% and a return on equity of 0.94%. The firm had revenue of $965.76 million during the quarter, compared to analysts’ expectations of $1.06 billion. On average, equities analysts forecast that Lufax Holding Ltd will post 0.3 earnings per share for the current fiscal year.

Lufax Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Tuesday, June 4th will be given a $0.156 dividend. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, June 4th. Lufax’s payout ratio is 108.70%.

Institutional Trading of Lufax

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lansdowne Partners UK LLP bought a new stake in shares of Lufax in the 3rd quarter worth about $2,138,000. Citigroup Inc. raised its stake in Lufax by 207.8% during the third quarter. Citigroup Inc. now owns 567,150 shares of the company’s stock valued at $601,000 after buying an additional 382,884 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Lufax by 25.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,242,221 shares of the company’s stock worth $4,497,000 after buying an additional 862,120 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Lufax by 663.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 125,846 shares of the company’s stock worth $133,000 after acquiring an additional 109,362 shares in the last quarter. Finally, Caxton Associates LP raised its position in shares of Lufax by 2,850.6% during the 3rd quarter. Caxton Associates LP now owns 1,307,044 shares of the company’s stock valued at $1,385,000 after acquiring an additional 1,262,746 shares in the last quarter. Institutional investors own 69.14% of the company’s stock.

Lufax Company Profile

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. The company offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions.