Lufax Holding Ltd (NYSE:LU) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Lufax Holding Ltd (NYSE:LU) by 2.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 456,099 shares of the company’s stock after acquiring an additional 12,572 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of Lufax worth $1,090,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Lufax by 27.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,235 shares of the company’s stock valued at $221,000 after acquiring an additional 13,630 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Lufax by 102.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company’s stock valued at $40,000 after purchasing an additional 8,382 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Lufax by 24.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company’s stock worth $79,000 after purchasing an additional 6,422 shares during the period. Baillie Gifford & Co. raised its stake in shares of Lufax by 0.3% during the 4th quarter. Baillie Gifford & Co. now owns 14,667,069 shares of the company’s stock valued at $35,054,000 after buying an additional 49,964 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Lufax by 35.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,205,838 shares of the company’s stock valued at $10,052,000 after buying an additional 1,102,943 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lowered Lufax from a “hold” rating to a “sell” rating in a report on Tuesday, April 29th.

Lufax Stock Performance

Lufax stock opened at $2.93 on Monday. The company’s fifty day moving average price is $2.80 and its 200 day moving average price is $2.68. The stock has a market capitalization of $2.54 billion, a P/E ratio of -3.81 and a beta of 0.71. Lufax Holding Ltd has a 1 year low of $2.00 and a 1 year high of $4.58.

Lufax Company 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.