Yousif Capital Management LLC Cuts Stock Position in Lufax Holding Ltd (NYSE:LU)

Yousif Capital Management LLC trimmed its position in Lufax Holding Ltd (NYSE:LU) by 75.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,112 shares of the company’s stock after selling 36,340 shares during the period. Yousif Capital Management LLC’s holdings in Lufax were worth $37,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of Lufax by 70.4% in the 3rd quarter. Van ECK Associates Corp now owns 45,030 shares of the company’s stock worth $48,000 after acquiring an additional 18,609 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Lufax by 141.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 70,732 shares of the company’s stock valued at $75,000 after purchasing an additional 41,449 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Lufax by 663.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 125,846 shares of the company’s stock valued at $133,000 after purchasing an additional 109,362 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Lufax by 11.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 163,818 shares of the company’s stock worth $174,000 after purchasing an additional 16,354 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Lufax by 83.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 169,216 shares of the company’s stock worth $179,000 after buying an additional 77,135 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

Lufax Trading Down 1.3 %

Shares of LU opened at $4.64 on Tuesday. Lufax Holding Ltd has a twelve month low of $2.11 and a twelve month high of $7.64. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.66 billion, a P/E ratio of -33.14, a PEG ratio of 0.64 and a beta of 0.82. The firm’s 50-day moving average is $3.85 and its two-hundred day moving average is $3.37.

Lufax (NYSE:LU) last released its quarterly earnings results 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 negative return on equity of 0.72% and a negative net margin of 2.17%. The firm had revenue of $965.76 million during the quarter, compared to analyst estimates of $1.06 billion. On average, research analysts predict that Lufax Holding Ltd will post 0.21 earnings per share for the current fiscal year.

Lufax Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Bank of America downgraded Lufax from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Lufax has an average rating of “Hold” and a consensus price target of $6.91.

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.