Hsbc Holdings PLC Has $1.69 Million Stock Position in Lufax Holding Ltd (NYSE:LU)

Hsbc Holdings PLC lessened its stake in shares of Lufax Holding Ltd (NYSE:LUFree Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 550,908 shares of the company’s stock after selling 28,000 shares during the period. Hsbc Holdings PLC owned about 0.10% of Lufax worth $1,691,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Lufax by 70.4% in the third quarter. Van ECK Associates Corp now owns 45,030 shares of the company’s stock worth $48,000 after buying an additional 18,609 shares during the period. Prudential PLC grew its stake in Lufax by 13.7% during the 3rd quarter. Prudential PLC now owns 201,946 shares of the company’s stock valued at $214,000 after acquiring an additional 24,329 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Lufax by 141.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 70,732 shares of the company’s stock valued at $75,000 after acquiring an additional 41,449 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Lufax by 2.9% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,139,582 shares of the company’s stock valued at $2,268,000 after purchasing an additional 60,692 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Lufax by 83.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 169,216 shares of the company’s stock worth $179,000 after purchasing an additional 77,135 shares during the period. 69.14% of the stock is owned by hedge funds and other institutional investors.

Lufax Stock Performance

Shares of LU opened at $2.29 on Friday. The company has a market capitalization of $1.31 billion, a PE ratio of -16.32, a PEG ratio of 0.30 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.70 and a current ratio of 1.70. The company’s 50 day moving average price is $4.26 and its 200 day moving average price is $3.42. Lufax Holding Ltd has a 52 week low of $2.00 and a 52 week high of $7.64.

Lufax (NYSE:LUGet Free Report) last posted its quarterly earnings results on Monday, April 22nd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.28). The company had revenue of $964.47 million during the quarter. Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. Research analysts expect that Lufax Holding Ltd will post 0.21 EPS 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 issued a dividend of $0.156 per share. The ex-dividend date is Tuesday, June 4th. This represents a dividend yield of 5.8%. Lufax’s dividend payout ratio is -178.56%.

Lufax Profile

(Free Report)

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.

See Also

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Institutional Ownership by Quarter for Lufax (NYSE:LU)

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