California Public Employees Retirement System Has $7.49 Million Holdings in Lufax Holding Ltd (NYSE:LU)

California Public Employees Retirement System lifted its holdings in Lufax Holding Ltd (NYSE:LUGet Rating) by 15.2% in the 2nd quarter, Holdings Channel reports. The firm owned 1,247,783 shares of the company’s stock after buying an additional 164,613 shares during the quarter. California Public Employees Retirement System’s holdings in Lufax were worth $7,487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. JBF Capital Inc. lifted its position in Lufax by 4.0% during the 1st quarter. JBF Capital Inc. now owns 65,000 shares of the company’s stock worth $362,000 after acquiring an additional 2,500 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Lufax by 2.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 111,871 shares of the company’s stock worth $623,000 after acquiring an additional 2,871 shares during the last quarter. Van ECK Associates Corp lifted its position in Lufax by 30.4% during the 1st quarter. Van ECK Associates Corp now owns 14,864 shares of the company’s stock worth $83,000 after acquiring an additional 3,465 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Lufax by 1,344.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock worth $31,000 after acquiring an additional 5,299 shares during the last quarter. Finally, DGS Capital Management LLC lifted its position in Lufax by 47.9% during the 2nd quarter. DGS Capital Management LLC now owns 18,681 shares of the company’s stock worth $112,000 after acquiring an additional 6,053 shares during the last quarter. Institutional investors and hedge funds own 15.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. CLSA raised shares of Lufax from a “sell” rating to a “buy” rating in a research report on Monday, November 14th. China Renaissance lowered shares of Lufax from a “buy” rating to a “hold” rating and set a $3.10 target price for the company. in a research report on Thursday, September 29th. Finally, Daiwa Capital Markets began coverage on shares of Lufax in a research report on Wednesday, July 27th. They set a “buy” rating and a $6.40 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4.83.

Lufax Stock Up 6.7 %

Shares of LU opened at $1.75 on Thursday. The company has a 50-day simple moving average of $2.21 and a 200-day simple moving average of $4.14. The firm has a market capitalization of $4.00 billion, a P/E ratio of 1.75 and a beta of 0.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.44 and a current ratio of 1.44. Lufax Holding Ltd has a 52 week low of $1.30 and a 52 week high of $7.05.

Lufax Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, October 28th. Stockholders of record on Thursday, October 13th were given a dividend of $0.17 per share. This represents a dividend yield of 11%. The ex-dividend date of this dividend was Wednesday, October 12th. Lufax’s dividend payout ratio is currently 30.93%.

About Lufax

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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.

Further Reading

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Institutional Ownership by Quarter for Lufax (NYSE:LU)

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