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Lufax (NYSE:LU) Hits New 1-Year Low at $3.67

Financial News Live · Sep 14, 2022 10:51

Lufax Holding Ltd (NYSE:LU – Get Rating)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $3.67 and last traded at $3.86, with a volume of 36928 shares. The stock had previously closed at $3.70.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. CLSA cut Lufax from an "outperform" rating to an "underperform" rating in a report on Friday, August 5th. Daiwa Capital Markets assumed coverage on Lufax in a report on Wednesday, July 27th. They issued a "buy" rating and a $6.40 target price on the stock. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $5.80.

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Lufax Price Performance

The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.13. The firm has a market cap of $8.57 billion, a PE ratio of 3.81, a price-to-earnings-growth ratio of 0.40 and a beta of -0.29. The stock has a 50 day simple moving average of $4.48 and a 200-day simple moving average of $5.36.

Lufax (NYSE:LU – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Lufax had a return on equity of 16.50% and a net margin of 23.77%. The business had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.66 billion. Equities analysts anticipate that Lufax Holding Ltd will post 0.84 earnings per share for the current fiscal year.

Lufax Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 13th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a yield of 11%. Lufax's payout ratio is presently 32.99%.

Institutional Investors Weigh In On Lufax

A number of institutional investors have recently bought and sold shares of LU. PNC Financial Services Group Inc. grew its position in shares of 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 after purchasing an additional 5,299 shares in the last quarter. Platinum Investment Management Ltd. purchased a new position in shares of Lufax during the second quarter valued at about $43,000. Acadian Asset Management LLC purchased a new position in shares of Lufax during the fourth quarter valued at about $42,000. American International Group Inc. grew its position in shares of Lufax by 275.7% during the second quarter. American International Group Inc. now owns 8,266 shares of the company's stock valued at $50,000 after purchasing an additional 6,066 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Lufax by 1,442.0% in the 2nd quarter. FMR LLC now owns 10,162 shares of the company's stock valued at $61,000 after acquiring an additional 9,503 shares during the last quarter. Hedge funds and other institutional investors own 15.71% of the company's stock.

Lufax Company 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.