Lufax (NYSE:LU – Get Rating) released its quarterly earnings results on Wednesday. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03, Fidelity Earnings reports. Lufax had a net margin of 27.08% and a return on equity of 19.01%. During the same quarter last year, the company posted $0.30 earnings per share.
LU stock opened at $5.98 on Thursday. Lufax has a 1-year low of $4.09 and a 1-year high of $13.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 5.75, a PEG ratio of 0.31 and a beta of -0.02. The business has a 50 day simple moving average of $5.71 and a two-hundred day simple moving average of $5.75.
The firm also recently declared an annual dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, April 8th were paid a $0.68 dividend. The ex-dividend date of this dividend was Thursday, April 7th. Lufax’s payout ratio is 30.77%.
Several equities research analysts have recently commented on the stock. CICC Research assumed coverage on shares of Lufax in a research report on Monday, May 9th. They set an “outperform” rating for the company. Zacks Investment Research raised shares of Lufax from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Thursday, May 12th. Finally, Macquarie lowered shares of Lufax from an “outperform” rating to a “neutral” rating and set a $5.00 target price for the company. in a report on Wednesday, March 9th. Three 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.com, the stock presently has an average rating of “Buy” and an average target price of $7.86.
Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in shares of Lufax by 1,344.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock valued at $31,000 after acquiring an additional 5,299 shares during the last quarter. Sei Investments Co. bought a new stake in Lufax in the fourth quarter worth $58,000. JustInvest LLC bought a new stake in Lufax in the fourth quarter worth $85,000. Royal Bank of Canada lifted its position in Lufax by 453.1% in the third quarter. Royal Bank of Canada now owns 13,661 shares of the company’s stock worth $95,000 after buying an additional 11,191 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Lufax in the fourth quarter worth $244,000. Institutional investors and hedge funds own 24.59% of the company’s stock.
About Lufax (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.
Recommended Stories
Receive News & Ratings for Lufax Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lufax and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
