SG Americas Securities LLC cut its stake in shares of Lufax Holding Ltd (NYSE:LU – Get Rating) by 53.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,677 shares of the company’s stock after selling 179,781 shares during the period. SG Americas Securities LLC’s holdings in Lufax were worth $395,000 as of its most recent SEC filing.
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Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in Lufax by 1.1% in the 3rd quarter. Baillie Gifford & Co. now owns 25,263,841 shares of the company’s stock valued at $64,171,000 after acquiring an additional 268,128 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Lufax by 11.5% during the third quarter. Handelsbanken Fonder AB now owns 303,600 shares of the company’s stock worth $771,000 after buying an additional 31,400 shares in the last quarter. Balentine LLC acquired a new position in shares of Lufax in the third quarter valued at approximately $34,000. Legal & General Group Plc raised its holdings in Lufax by 32.0% in the 2nd quarter. Legal & General Group Plc now owns 6,969,247 shares of the company’s stock valued at $41,816,000 after buying an additional 1,689,038 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its position in Lufax by 28.2% during the 2nd quarter. Nomura Holdings Inc. now owns 86,400 shares of the company’s stock worth $530,000 after buying an additional 19,000 shares during the period. 15.24% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on LU. Credit Suisse Group downgraded shares of Lufax from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $1.70 to $1.40 in a research note on Friday, November 25th. CLSA raised shares of Lufax from a “sell” rating to a “buy” rating in a research note on Monday, November 14th. Daiwa Capital Markets downgraded shares of Lufax from a “buy” rating to a “hold” rating in a research note on Friday, November 25th. HSBC downgraded shares of Lufax from a “buy” rating to a “hold” rating and set a $2.00 price target for the company. in a research note on Friday, November 25th. Finally, Citigroup dropped their price target on shares of Lufax from $6.06 to $3.52 and set a “buy” rating for the company in a research note on Friday, November 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Lufax presently has an average rating of “Hold” and a consensus target price of $3.07.
Lufax Trading Up 13.3 %
NYSE:LU opened at $3.16 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 3.84 and a beta of 0.08. The firm has a fifty day simple moving average of $2.14 and a two-hundred day simple moving average of $2.91. Lufax Holding Ltd has a 12 month low of $1.26 and a 12 month high of $7.05.
Lufax (NYSE:LU – Get Rating) last issued its quarterly earnings data on Wednesday, November 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). Lufax had a net margin of 20.48% and a return on equity of 13.69%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.09 billion. Analysts expect that Lufax Holding Ltd will post 0.6 EPS for the current fiscal year.
Lufax 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.
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