Lufax (NYSE:LU) Stock Price Up 3.3%

Lufax Holding Ltd (NYSE:LU) was up 3.3% during mid-day trading on Thursday . The stock traded as high as $4.39 and last traded at $4.39. Approximately 191,685 shares changed hands during trading, a decline of 96% from the average daily volume of 5,269,351 shares. The stock had previously closed at $4.25.

Analyst Ratings Changes

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

Lufax Trading Down 3.7 %

The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 18.00 and a beta of 0.88. The business has a fifty day moving average of $3.27 and a two-hundred day moving average of $3.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.59 and a current ratio of 1.68.

Lufax Cuts Dividend

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

Institutional Investors Weigh In On Lufax

A number of large investors have recently added to or reduced their stakes in LU. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Lufax by 2.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 111,871 shares of the company’s stock valued at $623,000 after purchasing an additional 2,871 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Lufax by 6.7% in the 4th quarter. Principal Financial Group Inc. now owns 70,798 shares of the company’s stock valued at $137,000 after buying an additional 4,455 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Lufax by 1,344.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock valued at $31,000 after buying an additional 5,299 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Lufax by 2.9% in the third quarter. California State Teachers Retirement System now owns 197,928 shares of the company’s stock worth $503,000 after acquiring an additional 5,628 shares during the last quarter. Finally, American International Group Inc. lifted its position in shares of Lufax by 275.7% in the second quarter. American International Group Inc. now owns 8,266 shares of the company’s stock valued at $50,000 after acquiring an additional 6,066 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

About Lufax

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.