Goldman Sachs Group Inc. Raises Stock Holdings in Lufax Holding Ltd. Sponsored ADR $LU

Goldman Sachs Group Inc. lifted its holdings in shares of Lufax Holding Ltd. Sponsored ADR (NYSE:LU) by 0.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,343,505 shares of the company’s stock after acquiring an additional 8,236 shares during the quarter. Goldman Sachs Group Inc. owned 0.16% of Lufax worth $3,990,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LU. QRG Capital Management Inc. purchased a new stake in shares of Lufax during the first quarter valued at approximately $70,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Lufax by 44.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,017 shares of the company’s stock valued at $71,000 after acquiring an additional 7,417 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Lufax during the first quarter valued at approximately $101,000. OMERS ADMINISTRATION Corp purchased a new stake in Lufax in the fourth quarter worth $142,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Lufax by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,969 shares of the company’s stock worth $211,000 after buying an additional 7,122 shares during the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Lufax Stock Performance

Shares of NYSE LU opened at $3.15 on Thursday. The stock has a market cap of $2.73 billion, a PE ratio of -4.09 and a beta of 0.69. Lufax Holding Ltd. Sponsored ADR has a fifty-two week low of $2.21 and a fifty-two week high of $4.15. The stock has a fifty day moving average of $2.91 and a 200-day moving average of $2.88.

About Lufax

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.