Lufax (NYSE:LU) Reaches New 12-Month Low at $3.41

Lufax Holding Ltd (NYSE:LUGet Rating)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $3.41 and last traded at $3.42, with a volume of 18917 shares trading hands. The stock had previously closed at $3.56.

Analyst Upgrades and Downgrades

A number of research firms have commented on LU. CLSA lowered Lufax from an “outperform” rating to an “underperform” rating in a research note on Friday, August 5th. Daiwa Capital Markets began coverage on Lufax in a research note on Wednesday, July 27th. They issued a “buy” rating and a $6.40 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Lufax has a consensus rating of “Hold” and a consensus price target of $5.80.

Lufax Stock Down 3.3 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 3.30, a price-to-earnings-growth ratio of 0.36 and a beta of -0.29. The firm has a 50 day moving average price of $4.20 and a 200-day moving average price of $5.26.

Lufax (NYSE:LUGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Lufax had a net margin of 23.77% and a return on equity of 16.50%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.66 billion. As a group, equities analysts predict that Lufax Holding Ltd will post 0.83 EPS for the current fiscal year.

Lufax Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 13th will be paid a dividend of $0.17 per share. This represents a dividend yield of 11%. The ex-dividend date is Wednesday, October 12th. Lufax’s dividend payout ratio (DPR) is presently 32.99%.

Hedge Funds Weigh In On Lufax

Several large investors have recently made changes to their positions in the company. Capital Research Global Investors lifted its stake in Lufax by 2.2% in the fourth quarter. Capital Research Global Investors now owns 56,801,759 shares of the company’s stock valued at $319,794,000 after buying an additional 1,205,276 shares during the period. Capital World Investors lifted its stake in Lufax by 6.3% in the first quarter. Capital World Investors now owns 56,470,472 shares of the company’s stock valued at $314,541,000 after buying an additional 3,341,655 shares during the period. BlackRock Inc. increased its holdings in shares of Lufax by 1,298.8% in the first quarter. BlackRock Inc. now owns 28,468,748 shares of the company’s stock worth $158,571,000 after acquiring an additional 26,433,557 shares in the last quarter. Farallon Capital Management LLC increased its holdings in shares of Lufax by 15.9% in the first quarter. Farallon Capital Management LLC now owns 22,034,399 shares of the company’s stock worth $122,732,000 after acquiring an additional 3,015,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Lufax by 8.3% in the first quarter. Vanguard Group Inc. now owns 21,226,049 shares of the company’s stock worth $118,229,000 after acquiring an additional 1,634,823 shares in the last quarter. Institutional investors and hedge funds own 15.71% of the company’s stock.

Lufax Company Profile

(Get Rating)

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions.

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