Lufax Holding Ltd (NYSE:LU) Given Consensus Recommendation of “Hold” by Brokerages

Lufax Holding Ltd (NYSE:LUGet Rating) has received an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $9.76.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Lufax from a “buy” rating to a “hold” rating in a research note on Thursday, March 17th. Macquarie downgraded shares of Lufax from an “outperform” rating to a “neutral” rating and set a $5.00 target price for the company. in a research note on Wednesday, March 9th.

Shares of NYSE:LU opened at $5.27 on Friday. The firm has a market cap of $12.98 billion, a PE ratio of 5.07, a price-to-earnings-growth ratio of 0.28 and a beta of -0.02. The firm’s fifty day moving average is $5.72 and its 200-day moving average is $5.87. Lufax has a 52 week low of $4.09 and a 52 week high of $13.04.

Lufax (NYSE:LUGet Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Lufax had a net margin of 27.08% and a return on equity of 18.93%. The company had revenue of $2.48 billion for the quarter. During the same quarter last year, the firm posted $0.19 EPS. Research analysts anticipate that Lufax will post 1.23 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, April 8th were paid a $0.68 dividend. The ex-dividend date of this dividend was Thursday, April 7th. Lufax’s dividend payout ratio (DPR) is currently 30.77%.

A number of institutional investors and hedge funds have recently bought and sold shares of LU. GSA Capital Partners LLP grew its holdings in shares of Lufax by 9.9% during the third quarter. GSA Capital Partners LLP now owns 28,907 shares of the company’s stock valued at $202,000 after buying an additional 2,603 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Lufax by 463.5% during the third quarter. PNC Financial Services Group Inc. now owns 5,612 shares of the company’s stock valued at $39,000 after buying an additional 4,616 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Lufax by 81.5% during the fourth quarter. Van ECK Associates Corp now owns 11,399 shares of the company’s stock valued at $64,000 after buying an additional 5,119 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Lufax during the fourth quarter valued at about $42,000. Finally, FIL Ltd grew its holdings in shares of Lufax by 100.3% during the third quarter. FIL Ltd now owns 19,266 shares of the company’s stock valued at $134,000 after buying an additional 9,648 shares during the last quarter. 24.59% of the stock is owned by hedge funds and other institutional investors.

Lufax Company Profile (Get Rating)

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company 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.

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Analyst Recommendations for Lufax (NYSE:LU)

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