Franklin Resources Inc. Buys 6,013 Shares of Lufax Holding Ltd (NYSE:LU)

Franklin Resources Inc. boosted its stake in Lufax Holding Ltd (NYSE:LU) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,597 shares of the company’s stock after purchasing an additional 6,013 shares during the period. Franklin Resources Inc.’s holdings in Lufax were worth $171,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Lufax during the 4th quarter worth approximately $5,436,000. Norges Bank acquired a new position in shares of Lufax during the fourth quarter worth $4,221,000. Charles Schwab Investment Management Inc. grew its stake in shares of Lufax by 35.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,205,838 shares of the company’s stock worth $10,052,000 after purchasing an additional 1,102,943 shares during the last quarter. Catalyst Funds Management Pty Ltd increased its holdings in Lufax by 999.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 888,000 shares of the company’s stock valued at $2,122,000 after purchasing an additional 807,200 shares during the period. Finally, Leading Securities Co Ltd bought a new position in Lufax during the 4th quarter worth $458,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Lufax Trading Down 3.1 %

Shares of LU opened at $2.36 on Friday. The stock’s 50-day moving average price is $2.88 and its two-hundred day moving average price is $2.72. Lufax Holding Ltd has a 12 month low of $2.00 and a 12 month high of $4.94. The company has a market capitalization of $2.04 billion, a PE ratio of -3.06 and a beta of 0.71.

Lufax Profile

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.