On Friday, November 18th, Lufax (NYSE: LU) will report earnings.
Furthermore, on Friday, October 28th, the company declared a semi-annual dividend. On Thursday, October 13th, a $0.17 dividend was paid to shareholders of record. This dividend became payable on Wednesday, October 12th. This equates to a dividend yield of 11%. Lufax’s dividend payout ratio is currently 30.93%.
LU stock opened at $1.97 on Thursday. The stock has a market capitalization of $4.50 billion, a PE ratio of 2.03, and a beta of 0.04. The 50-day simple moving average for the company is $2.41, and the 200-day simple moving average is $4.26. The debt-to-equity ratio is 0.13, the quick ratio is 1.44, and the current ratio is 1.44. Lufax has a 52-week low of $1.30 and a 52-week high of $7.24.
Several brokerage firms have recently expressed interest in LU. Daiwa Capital Markets initiated coverage of Lufax in a research note on Wednesday, July 27th. They gave the company a “buy” rating and a price target of $6.40. CLSA upgraded Lufax from a “sell” rating to a “buy” rating in a research note issued on Monday. Finally, China Renaissance reduced its price target for Lufax from $3.10 to “hold.” On Thursday, September 29th, two research analysts assigned the stock a hold rating, while three assigned it a buy rating in a research note. According to Bloomberg.com, Lufax has a consensus rating of “Moderate Buy” and a consensus target price of $4.83.
Large investors have recently bought and sold stock in the company. PNC Financial Services Group Inc. increased its stake in Lufax by 1,344.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock, valued at $31,000, following purchasing 5,299 additional shares in the last quarter. American International Group Inc. increased its Lufax holdings by 275.7% during the second quarter. American International Group Inc. now owns 8,266 shares, valued at $50,000, after purchasing an additional 6,066 shares during the last quarter. FMR LLC increased its stake in Lufax by 1,442.0% during the second quarter. FMR LLC now owns 10,162 shares, valued at $61,000, after purchasing an additional 9,503 shares during the last quarter. Sei Investments Co. increased its stake in Lufax by 72.0% during the first quarter. Sei Investments Co. now owns 19,002 shares, valued at $106,000, after purchasing 7,957 additional shares during the last quarter. Finally, Ensign Peak Advisors Inc. increased its stake in Lufax by 53.4% during the third quarter. Ensign Peak Advisors Inc. now owns 48,000 shares of the company’s stock, valued at $122,000, after purchasing an additional 16,700 shares during the last quarter. Hedge funds and other institutional investors currently own 15.71% of the stock.
Lufax Holding Ltd. runs a technology-enabled personal financial services platform in China. It offers a variety of loan products, including unsecured and secured loans, as well as consumer finance loans. Wealth management platforms for middle-class and affluent investors, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong), enable them to invest in products and portfolios. The company also offers a retail credit facilitation platform that provides lending solutions to small business owners and technology empowerment solutions for financial institutions.
Source: news.google.com
