SG Americas Securities LLC Has $223,000 Stock Position in Lufax Holding Ltd (NYSE:LU)

SG Americas Securities LLC decreased its position in Lufax Holding Ltd (NYSE:LU) by 52.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 72,510 shares of the company’s stock after selling 79,743 shares during the period. SG Americas Securities LLC’s holdings in Lufax were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LU. PNC Financial Services Group Inc. boosted its stake in Lufax by 1,344.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock worth $31,000 after purchasing an additional 5,299 shares during the period. American International Group Inc. boosted its stake in shares of Lufax by 275.7% during the 2nd quarter. American International Group Inc. now owns 8,266 shares of the company’s stock worth $50,000 after buying an additional 6,066 shares during the last quarter. FMR LLC boosted its stake in shares of Lufax by 1,442.0% during the 2nd quarter. FMR LLC now owns 10,162 shares of the company’s stock worth $61,000 after buying an additional 9,503 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new stake in shares of Lufax in the 1st quarter valued at about $25,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Lufax in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LU shares. Bank of America cut shares of Lufax from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Morgan Stanley upped 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 issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.91.

Lufax Stock Up 1.2 %

Lufax stock opened at $4.30 on Friday. The stock has a market cap of $2.46 billion, a P/E ratio of 18.70 and a beta of 0.88. The company has a quick ratio of 1.59, a current ratio of 1.68 and a debt-to-equity ratio of 0.06. Lufax Holding Ltd has a twelve month low of $2.11 and a twelve month high of $8.44. The company’s 50-day moving average price is $3.24 and its two-hundred day moving average price is $3.37.

Lufax Cuts Dividend

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

Lufax 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.