Lufax Holding Ltd (NYSE:LU) Stock Position Trimmed by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its position in Lufax Holding Ltd (NYSE:LU) by 75.0% during the 4th quarter, HoldingsChannel reports. The firm owned 346,062 shares of the company’s stock after selling 1,038,194 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Lufax were worth $1,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LU. Lansdowne Partners UK LLP bought a new stake in shares of Lufax during the 3rd quarter worth about $2,138,000. Citigroup Inc. raised its position in shares of Lufax by 207.8% during the 3rd quarter. Citigroup Inc. now owns 567,150 shares of the company’s stock worth $601,000 after buying an additional 382,884 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Lufax by 25.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,242,221 shares of the company’s stock worth $4,497,000 after buying an additional 862,120 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Lufax by 663.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 125,846 shares of the company’s stock worth $133,000 after buying an additional 109,362 shares in the last quarter. Finally, Caxton Associates LP raised its position in shares of Lufax by 2,850.6% during the 3rd quarter. Caxton Associates LP now owns 1,307,044 shares of the company’s stock worth $1,385,000 after buying an additional 1,262,746 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.

Lufax Stock Performance

Shares of LU opened at $4.57 on Friday. The company’s 50 day moving average price is $3.62 and its 200 day moving average price is $3.37. Lufax Holding Ltd has a 52 week low of $2.11 and a 52 week high of $7.64. The company has a market capitalization of $2.62 billion, a PE ratio of -32.64 and a beta of 0.88. 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 (NYSE:LU) last announced its quarterly earnings data on Thursday, March 21st. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.18). Lufax had a negative net margin of 2.17% and a negative return on equity of 0.71%. The company had revenue of $965.76 million for the quarter, compared to analysts’ expectations of $1.06 billion. Research analysts expect that Lufax Holding Ltd will post 0.3 EPS for the current fiscal year.

Lufax Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, August 6th. Investors of record on Tuesday, June 4th will be given a dividend of $0.156 per share. This represents a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, June 4th. Lufax’s payout ratio is presently -178.56%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LU. Morgan Stanley lifted their price objective on shares of Lufax from $3.00 to $4.80 and gave the stock 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 research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Lufax presently has a consensus rating of “Hold” and an average target price of $6.91.

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.