Lufax (NYSE:LU) Releases Earnings Results, Beats Expectations By $0.03 EPS

Lufax (NYSE:LUGet Rating) announced its quarterly earnings data on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03, Fidelity Earnings reports. Lufax had a net margin of 27.08% and a return on equity of 19.01%. During the same period in the previous year, the firm earned $0.30 earnings per share.

Shares of Lufax stock traded up $0.06 during trading on Thursday, hitting $6.04. The stock had a trading volume of 71,881 shares, compared to its average volume of 9,451,567. The firm’s fifty day simple moving average is $5.71 and its 200-day simple moving average is $5.75. The stock has a market cap of $13.81 billion, a PE ratio of 5.75, a PEG ratio of 0.31 and a beta of -0.02. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.42 and a quick ratio of 1.42. Lufax has a 12 month low of $4.09 and a 12 month high of $13.04.

The company also recently announced an annual dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 8th were issued a $0.68 dividend. The ex-dividend date was Thursday, April 7th. Lufax’s dividend payout ratio (DPR) is presently 30.77%.

LU has been the subject of a number of research reports. Macquarie lowered shares of Lufax from an “outperform” rating to a “neutral” rating and set a $5.00 target price for the company. in a research report on Wednesday, March 9th. Zacks Investment Research upgraded shares of Lufax from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Thursday, May 12th. Finally, CICC Research initiated coverage on shares of Lufax in a research report on Monday, May 9th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Lufax currently has an average rating of “Buy” and an average target price of $7.86.

Institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its stake in Lufax by 20.6% in the 1st quarter. Neuberger Berman Group LLC now owns 376,734 shares of the company’s stock worth $2,125,000 after buying an additional 64,245 shares during the period. Capital World Investors increased its stake in Lufax by 6.3% in the 1st quarter. Capital World Investors now owns 56,470,472 shares of the company’s stock worth $314,541,000 after buying an additional 3,341,655 shares during the period. Virtu Financial LLC increased its stake in Lufax by 441.3% in the 1st quarter. Virtu Financial LLC now owns 234,687 shares of the company’s stock worth $1,307,000 after buying an additional 191,333 shares during the period. Wellington Management Group LLP increased its stake in Lufax by 2.4% in the 1st quarter. Wellington Management Group LLP now owns 511,260 shares of the company’s stock worth $2,848,000 after buying an additional 12,054 shares during the period. Finally, State Street Corp increased its stake in Lufax by 260.0% in the 1st quarter. State Street Corp now owns 10,097,656 shares of the company’s stock worth $56,243,000 after buying an additional 7,292,397 shares during the period. Hedge funds and other institutional investors own 24.59% of the company’s stock.

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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Earnings History for Lufax (NYSE:LU)

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