Lufax Holding Ltd (NYSE:LU) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in Lufax Holding Ltd (NYSE:LUGet Rating) by 17.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,262 shares of the company’s stock after selling 58,192 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Lufax were worth $709,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LU. BlackRock Inc. boosted its stake in Lufax by 1,298.8% in the 1st quarter. BlackRock Inc. now owns 28,468,748 shares of the company’s stock worth $158,571,000 after purchasing an additional 26,433,557 shares in the last quarter. State Street Corp lifted its stake in Lufax by 260.0% during the 1st quarter. State Street Corp now owns 10,097,656 shares of the company’s stock valued at $56,243,000 after acquiring an additional 7,292,397 shares during the period. Capital World Investors lifted its stake in Lufax by 6.3% during the 1st quarter. Capital World Investors now owns 56,470,472 shares of the company’s stock valued at $314,541,000 after acquiring an additional 3,341,655 shares during the period. Bridgewater Associates LP lifted its stake in Lufax by 47.5% during the 1st quarter. Bridgewater Associates LP now owns 8,977,303 shares of the company’s stock valued at $50,004,000 after acquiring an additional 2,890,352 shares during the period. Finally, UBS Group AG lifted its stake in Lufax by 564.9% during the 1st quarter. UBS Group AG now owns 3,069,994 shares of the company’s stock valued at $17,099,000 after acquiring an additional 2,608,264 shares during the period. 15.24% of the stock is currently owned by institutional investors and hedge funds.

Lufax Price Performance

Shares of NYSE LU opened at $2.68 on Friday. The firm has a market cap of $6.13 billion, a PE ratio of 3.39 and a beta of 0.08. The firm has a fifty day moving average of $2.10 and a 200 day moving average of $3.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.44 and a current ratio of 1.44. Lufax Holding Ltd has a one year low of $1.26 and a one year high of $7.05.

Lufax (NYSE:LUGet Rating) last issued its quarterly earnings results on Wednesday, November 23rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Lufax had a return on equity of 13.69% and a net margin of 20.48%. As a group, research analysts predict that Lufax Holding Ltd will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. HSBC cut shares of Lufax from a “buy” rating to a “hold” rating and set a $2.00 price objective for the company. in a research note on Friday, November 25th. CLSA raised shares of Lufax from a “sell” rating to a “buy” rating in a 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 report on Thursday, September 29th. Credit Suisse Group lowered shares of Lufax from a “neutral” rating to an “underperform” rating and cut their target price for the company from $1.70 to $1.40 in a report on Friday, November 25th. Finally, Morgan Stanley lowered shares of Lufax from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $7.00 to $1.52 in a report on Thursday, December 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.07.

Lufax Company Profile

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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.

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Institutional Ownership by Quarter for Lufax (NYSE:LU)

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