Lufax Holding Ltd (NYSE:LU – Get Rating) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 13,550,000 shares, a decline of 15.9% from the April 30th total of 16,110,000 shares. Based on an average daily trading volume, of 10,330,000 shares, the days-to-cover ratio is presently 1.3 days.
Several research analysts have commented on the company. CICC Research assumed coverage on Lufax in a report on Monday, May 9th. They set an “outperform” rating on the stock. Macquarie downgraded Lufax from an “outperform” rating to a “neutral” rating and set a $5.00 price objective on the stock. in a research note on Wednesday, March 9th. Finally, Zacks Investment Research downgraded Lufax from a “buy” rating to a “hold” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.86.
LU stock traded down $0.36 during trading on Wednesday, reaching $5.93. 165,236 shares of the stock were exchanged, compared to its average volume of 6,546,546. The firm’s 50 day moving average is $5.67 and its 200 day moving average is $5.72. Lufax has a twelve month low of $4.09 and a twelve month high of $13.04. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.12. The firm has a market cap of $13.55 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 0.52 and a beta of -0.02.
Lufax (NYSE:LU – Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Lufax had a return on equity of 18.54% and a net margin of 26.75%. During the same quarter in the prior year, the company posted $0.30 EPS. As a group, analysts predict that Lufax will post 1.16 earnings per share for the current fiscal year.
The business also recently disclosed an annual dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, April 8th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Thursday, April 7th. Lufax’s dividend payout ratio is currently 29.63%.
A number of institutional investors and hedge funds have recently modified their holdings of LU. PNC Financial Services Group Inc. grew its holdings in shares of Lufax by 1,344.9% in the first 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 in the last quarter. Acadian Asset Management LLC purchased a new position in Lufax in the fourth quarter valued at approximately $42,000. Sei Investments Co. purchased a new position in Lufax in the fourth quarter valued at approximately $58,000. Van ECK Associates Corp lifted its stake in Lufax by 81.5% in the fourth quarter. Van ECK Associates Corp now owns 11,399 shares of the company’s stock valued at $64,000 after purchasing an additional 5,119 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Lufax in the first quarter valued at approximately $64,000. 24.59% of the stock is owned by hedge funds and other institutional investors.
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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Source: defenseworld.net
