Lufax (NYSE:LU – Get Rating) will be releasing its earnings data on Friday, November 18th.
Lufax Stock Performance
Shares of LU stock opened at $1.97 on Thursday. The stock has a market cap of $4.50 billion, a PE ratio of 2.03 and a beta of 0.04. The business has a 50-day simple moving average of $2.41 and a 200-day simple moving average of $4.26. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.13. Lufax has a 52-week low of $1.30 and a 52-week high of $7.24.
Lufax Announces Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, October 28th. Investors of record on Thursday, October 13th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a dividend yield of 11%. Lufax’s dividend payout ratio is presently 30.93%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on LU. Daiwa Capital Markets began coverage on Lufax in a research note on Wednesday, July 27th. They issued a “buy” rating and a $6.40 price target for the company. CLSA upgraded Lufax from a “sell” rating to a “buy” rating in a research note on Monday. Finally, China Renaissance lowered Lufax from a “buy” rating to a “hold” rating and set a $3.10 price target for the company. in a research note on Thursday, September 29th. Two research 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, Lufax presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.83.
Institutional Investors Weigh In On Lufax
Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Lufax by 1,344.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock worth $31,000 after buying an additional 5,299 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Lufax by 275.7% during the 2nd quarter. American International Group Inc. now owns 8,266 shares of the company’s stock worth $50,000 after purchasing an additional 6,066 shares during the last quarter. FMR LLC boosted its holdings in shares of Lufax by 1,442.0% during the 2nd quarter. FMR LLC now owns 10,162 shares of the company’s stock worth $61,000 after purchasing an additional 9,503 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Lufax by 72.0% during the 1st quarter. Sei Investments Co. now owns 19,002 shares of the company’s stock worth $106,000 after purchasing an additional 7,957 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its holdings in shares of Lufax by 53.4% during the 3rd quarter. Ensign Peak Advisors Inc now owns 48,000 shares of the company’s stock worth $122,000 after purchasing an additional 16,700 shares during the last quarter. 15.71% of the stock is currently owned by hedge funds and other institutional investors.
About Lufax
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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