Lufax Holding Ltd (NYSE:LU) Holdings Decreased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its position in Lufax Holding Ltd (NYSE:LU) by 75.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,375 shares of the company’s stock after selling 91,125 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Lufax were worth $93,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Citigroup Inc. increased its holdings in shares of Lufax by 207.8% in the 3rd quarter. Citigroup Inc. now owns 567,150 shares of the company’s stock valued at $601,000 after acquiring an additional 382,884 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Lufax by 5.4% in the 3rd quarter. Wellington Management Group LLP now owns 4,481,980 shares of the company’s stock valued at $4,751,000 after acquiring an additional 230,191 shares during the last quarter. Lansdowne Partners UK LLP bought a new stake in shares of Lufax in the 3rd quarter valued at approximately $2,138,000. Caxton Associates LP increased its holdings in shares of Lufax by 2,850.6% in the 3rd quarter. Caxton Associates LP now owns 1,307,044 shares of the company’s stock valued at $1,385,000 after acquiring an additional 1,262,746 shares during the last quarter. Finally, Bamco Inc. NY increased its holdings in shares of Lufax by 22.1% in the 3rd quarter. Bamco Inc. NY now owns 18,416,696 shares of the company’s stock valued at $19,522,000 after acquiring an additional 3,330,411 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Lufax Price Performance

Shares of LU opened at $4.68 on Friday. Lufax Holding Ltd has a 12 month low of $2.11 and a 12 month high of $7.64. The company has a market cap of $2.68 billion, a P/E ratio of -33.43, a PEG ratio of 0.43 and a beta of 0.88. The stock has a fifty day moving average price of $3.66 and a 200 day moving average price of $3.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.59.

Lufax (NYSE:LU) last released its quarterly earnings results on Thursday, March 21st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.18). Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. The business had revenue of $965.76 million during the quarter, compared to the consensus estimate of $1.06 billion. On average, research analysts forecast that Lufax Holding Ltd will post 0.3 earnings per share for the current year.

Lufax Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Tuesday, June 4th will be paid a $0.156 dividend. The ex-dividend date is Tuesday, June 4th. This represents a dividend yield of 5.8%. Lufax’s payout ratio is -178.56%.

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.