Russell Investments Group Ltd. Makes New Investment in Lufax Holding Ltd. Sponsored ADR $LU

Russell Investments Group Ltd. purchased a new position in Lufax Holding Ltd. Sponsored ADR (NYSE:LU) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 34,082 shares of the company’s stock, valued at approximately $101,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LU. Hsbc Holdings PLC boosted its stake in shares of Lufax by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 192,858 shares of the company’s stock valued at $461,000 after purchasing an additional 12,870 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Lufax by 110.7% in the 4th quarter. Northern Trust Corp now owns 523,084 shares of the company’s stock valued at $1,250,000 after purchasing an additional 274,808 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Lufax by 190.5% in the 4th quarter. BNP Paribas Financial Markets now owns 1,305,475 shares of the company’s stock valued at $3,120,000 after purchasing an additional 856,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Lufax by 2.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,099 shares of the company’s stock valued at $1,090,000 after purchasing an additional 12,572 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Lufax by 56.2% in the 4th quarter. Millennium Management LLC now owns 580,890 shares of the company’s stock valued at $1,388,000 after purchasing an additional 209,117 shares in the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Lufax Trading Down 0.5%

NYSE:LU opened at $3.07 on Thursday. The company has a 50-day moving average price of $2.86 and a 200-day moving average price of $2.88. Lufax Holding Ltd. Sponsored ADR has a 12 month low of $2.13 and a 12 month high of $4.15. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -3.98 and a beta of 0.69.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Lufax from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $3.20.

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.