Lufax Holding Ltd (NYSE:LU) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its stake in shares of Lufax Holding Ltd (NYSE:LU) by 77.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 37,526 shares of the company’s stock after selling 126,292 shares during the period. Asset Management One Co. Ltd.’s holdings in Lufax were worth $113,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in shares of Lufax by 1,344.9% in the first 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. American International Group Inc. raised 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 buying an additional 6,066 shares during the last quarter. FMR LLC raised its position in shares of Lufax by 1,442.0% in the second quarter. FMR LLC now owns 10,162 shares of the company’s stock valued at $61,000 after buying an additional 9,503 shares during the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in shares of Lufax in the first quarter valued at about $25,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Lufax in the fourth quarter valued at about $31,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LU shares. Morgan Stanley raised their price objective on shares of Lufax from $3.00 to $4.80 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Bank of America cut shares of Lufax from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Lufax currently has a consensus rating of “Hold” and an average target price of $6.91.

Lufax Stock Down 3.7 %

LU stock opened at $4.14 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.59 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 is $3.27 and its two-hundred day moving average is $3.35. The stock has a market cap of $2.37 billion, a P/E ratio of 18.00 and a beta of 0.88.

Lufax (NYSE:LU) last released 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). Lufax had a return on equity of 0.94% and a net margin of 2.59%. The company had revenue of $965.76 million for the quarter, compared to analyst estimates of $1.06 billion. Research analysts expect that Lufax Holding Ltd will post 0.3 earnings per share for the current fiscal year.

Lufax Cuts Dividend

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

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.