Renaissance Capital LLC lifted its holdings in shares of Lufax Holding Ltd (NYSE:LU – Get Rating) by 78.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 310,632 shares of the company's stock after acquiring an additional 136,904 shares during the period. Lufax makes up approximately 1.0% of Renaissance Capital LLC's investment portfolio, making the stock its 29th largest holding. Renaissance Capital LLC's holdings in Lufax were worth $1,864,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. First Trust Advisors LP boosted its position in Lufax by 47.1% in the fourth quarter. First Trust Advisors LP now owns 121,685 shares of the company's stock valued at $685,000 after buying an additional 38,947 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Lufax in the fourth quarter valued at approximately $42,000. Renaissance Technologies LLC boosted its position in Lufax by 69.8% in the fourth quarter. Renaissance Technologies LLC now owns 3,715,265 shares of the company's stock valued at $20,917,000 after buying an additional 1,527,654 shares during the last quarter. LMR Partners LLP purchased a new stake in Lufax in the fourth quarter valued at approximately $121,000. Finally, Credit Suisse AG boosted its position in Lufax by 302.7% in the fourth quarter. Credit Suisse AG now owns 1,606,654 shares of the company's stock valued at $9,045,000 after buying an additional 1,207,690 shares during the last quarter. Hedge funds and other institutional investors own 15.71% of the company's stock.
Get Lufax alerts:Lufax Stock Performance
Lufax stock traded down $0.07 during mid-day trading on Friday, hitting $3.52. The company had a trading volume of 9,431,352 shares, compared to its average volume of 5,535,390. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.13. Lufax Holding Ltd has a 12-month low of $3.45 and a 12-month high of $7.89. The company's fifty day moving average is $4.35 and its 200-day moving average is $5.31. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 3.63, a P/E/G ratio of 0.36 and a beta of -0.29.
Lufax (NYSE:LU – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.66 billion. Lufax had a return on equity of 16.50% and a net margin of 23.77%. Equities research analysts predict that Lufax Holding Ltd will post 0.83 EPS for the current year.Lufax Announces Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 13th will be paid a dividend of $0.17 per share. This represents a dividend yield of 11%. The ex-dividend date of this dividend is Wednesday, October 12th. Lufax's payout ratio is 32.99%.
Analyst Ratings Changes
A number of equities research analysts recently commented on LU shares. CLSA lowered Lufax from an "outperform" rating to an "underperform" rating in a research report on Friday, August 5th. Daiwa Capital Markets initiated coverage on Lufax in a research report on Wednesday, July 27th. They issued a "buy" rating and a $6.40 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $5.80.
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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