Lufax (LU) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lufax in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LU, but not buy additional shares or sell existing shares.
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6 Wall Street analysts have issued 1-year target prices for Lufax's stock. Their LU share price targets range from $4.00 to $10.00. On average, they predict the company's share price to reach $6.91 in the next year. This suggests a possible upside of 60.1% from the stock's current price.
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Lufax's stock was trading at $3.07 at the start of the year. Since then, LU stock has increased by 40.7% and is now trading at $4.32.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our LU earnings forecast.

Lufax will be holding an earnings conference call on Monday, April 22nd at 9:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "8644039".

Lufax Holding Ltd (NYSE:LU) announced 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. The company earned $965.76 million during the quarter, compared to analysts' expectations of $1.06 billion. Lufax had a net margin of 2.59% and a trailing twelve-month return on equity of 0.94%.

Lufax declared a -- dividend on Tuesday, March 26th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.156 per share on Tuesday, August 6th. This represents a yield of 5.8%. The ex-dividend date is Tuesday, June 4th.
Read our dividend analysis for LU.

Lufax (NYSE:LU) pays an annual dividend of $0.25 per share and currently has a dividend yield of 6.00%. LU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 108.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LU will have a dividend payout ratio of 40.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LU.

ETFs with the largest weight of Lufax (NYSE:LU) stock in their portfolio include Global X SuperDividend ETF (SDIV), Amplify Emerging Markets FinTech ETF (EMFQ), Global X FinTech Thematic ETF (FINX), Invesco Golden Dragon China ETF (PGJ), KraneShares CSI China Internet ETF (KWEB) and Global X MSCI China Financials ETF (CHIX).Emerging Markets Internet & Ecommerce ETF (EMQQ).

Shares of Lufax reverse split on Monday, December 18th 2023. The 1-4 reverse split was announced on Monday, November 20th 2023. The number of shares owned by shareholders was adjusted after the market closes on Friday, December 15th 2023. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Lufax (LU) raised $2.2 billion in an initial public offering on Friday, October 30th 2020. The company issued 175,000,000 shares at a price of $11.50-$13.50 per share. Goldman Sachs (Asia), BofA Securities, UBS Investment Bank, HSBC, China PA Securities (Hong Kong) Co., Morgan Stanley, CLSA and Jefferies served as the underwriters for the IPO and J.P. Morgan, BOCI, Haitong International, Stifel, China Renaissance and KeyBanc Capital Markets were co-managers.

Lufax's stock is owned by many different retail and institutional investors. Top institutional shareholders include DGS Capital Management LLC (0.00%) and Diversified Trust Co (0.00%).

Shares of LU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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