Lufax Holding Ltd (NYSE:LU – Get Rating) was the target of some unusual options trading on Friday. Investors bought 4,807 put options on the stock. This is an increase of approximately 490% compared to the average volume of 815 put options.
Lufax Stock Performance
Shares of NYSE:LU traded down $0.30 during mid-day trading on Friday, reaching $3.98. The company had a trading volume of 294,003 shares, compared to its average volume of 6,472,937. The company’s 50-day moving average price is $5.48 and its 200-day moving average price is $5.60. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.13. Lufax has a one year low of $4.04 and a one year high of $9.11. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 4.04, a PEG ratio of 0.43 and a beta of -0.32.
Lufax (NYSE:LU – Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. Lufax had a net margin of 23.77% and a return on equity of 16.50%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, equities research analysts anticipate that Lufax will post 0.84 EPS for the current fiscal year.
Lufax Dividend Announcement
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The company also recently announced a semi-annual dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 13th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, October 12th. This represents a dividend yield of 11%. Lufax’s dividend payout ratio is currently 32.99%.
Institutional Trading of Lufax
Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in Lufax by 1,344.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock worth $31,000 after purchasing an additional 5,299 shares during the last quarter. Platinum Investment Management Ltd. bought a new stake in shares of Lufax during the 2nd quarter valued at $43,000. Acadian Asset Management LLC bought a new stake in shares of Lufax during the 4th quarter valued at $42,000. FMR LLC raised its position in shares of Lufax by 1,442.0% during the 2nd quarter. FMR LLC now owns 10,162 shares of the company’s stock valued at $61,000 after purchasing an additional 9,503 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in Lufax in the 1st quarter valued at $64,000. 24.59% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on LU shares. CICC Research started coverage on Lufax in a research report on Monday, May 9th. They set an “outperform” rating for the company. Daiwa Capital Markets started coverage on Lufax in a report on Wednesday, July 27th. They issued a “buy” rating and a $6.40 price objective for the company. Finally, CLSA downgraded Lufax from an “outperform” rating to an “underperform” rating in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.80.
Lufax Company Profile
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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