Toroso Investments LLC boosted its stake in Lufax Holding Ltd (NYSE:LU – Get Rating) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,110 shares of the company's stock after purchasing an additional 14,748 shares during the period. Toroso Investments LLC's holdings in Lufax were worth $2,903,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Capital World Investors increased its holdings in Lufax by 6.3% in the 1st quarter. Capital World Investors now owns 56,470,472 shares of the company's stock valued at $314,541,000 after purchasing an additional 3,341,655 shares in the last quarter. Virtu Financial LLC boosted its position in Lufax by 441.3% in the 1st quarter. Virtu Financial LLC now owns 234,687 shares of the company's stock valued at $1,307,000 after buying an additional 191,333 shares during the last quarter. Farallon Capital Management LLC boosted its position in Lufax by 15.9% in the 1st quarter. Farallon Capital Management LLC now owns 22,034,399 shares of the company's stock valued at $122,732,000 after buying an additional 3,015,000 shares during the last quarter. Wellington Management Group LLP boosted its position in Lufax by 2.4% in the 1st quarter. Wellington Management Group LLP now owns 511,260 shares of the company's stock valued at $2,848,000 after buying an additional 12,054 shares during the last quarter. Finally, JBF Capital Inc. boosted its position in Lufax by 4.0% in the 1st quarter. JBF Capital Inc. now owns 65,000 shares of the company's stock valued at $362,000 after buying an additional 2,500 shares during the last quarter. 15.71% of the stock is currently owned by institutional investors and hedge funds.
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Analysts Set New Price Targets
A number of research firms have weighed in on LU. Daiwa Capital Markets began coverage on shares of Lufax in a research report on Wednesday, July 27th. They issued a "buy" rating and a $6.40 price objective for the company. CLSA cut shares of Lufax from an "outperform" rating to an "underperform" rating in a research report on Friday, August 5th. One equities research 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $5.80.
Lufax Stock Performance
Shares of LU stock opened at $3.59 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.44 and a current ratio of 1.44. Lufax Holding Ltd has a one year low of $3.56 and a one year high of $7.89. The company's 50-day simple moving average is $4.39 and its 200-day simple moving average is $5.33. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 3.70, a PEG ratio of 0.37 and a beta of -0.29.
Lufax (NYSE:LU – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Lufax had a return on equity of 16.50% and a net margin of 23.77%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.66 billion. Equities analysts anticipate that Lufax Holding Ltd will post 0.83 earnings per share for the current fiscal year.
Lufax Announces Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 13th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a dividend yield of 11%. Lufax's payout ratio is 32.99%.
Lufax Profile
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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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