Virginia Retirement Systems ET AL bought a new stake in shares of Lufax Holding Ltd (NYSE:LU – Get Rating) during Q1, HoldingsChannel reports. The company bought 12,700 shares of the company, valued at around $71,000.
Other large investors have also increased or reduced their stake in the company. Baillie Gifford & Co. increased its stake in Lufax by 34.6% during the 4th quarter. Baillie Gifford & Co. now owns 26,496,135 shares of the company valued at $149,173,000 after acquiring an additional 6,812,317 shares last quarter. Korea Investment CORP increased its stake in Lufax by 13,721.6% during the 4th quarter. Korea Investment CORP now owns 91,361 shares of the company valued at $514,000 after acquiring an additional 90,700 shares last quarter. Renaissance Technologies LLC increased its holdings of Lufax shares by 69.8% during the 4th quarter. Renaissance Technologies LLC now owns 3,715,265 shares of the company valued at $20,917,000 after purchasing an additional 1,527,654 shares in the last quarter. Russell Investments Group Ltd. increased its holdings of Lufax shares by 34.6% during the 4th quarter. Russell Investments Group Ltd. now owns 147,617 shares of the company valued at $830,000 after purchasing an additional 37,936 shares in the last quarter. Finally, Bridgewater Associates LP increased its stake in Lufax shares by 19.1% during the fourth quarter. Bridgewater Associates LP now owns 6,086,951 shares of the company valued at $34,270,000 after purchasing an additional 976,979 shares in the last quarter. 24.59% of the shares are currently held by institutional investors.
Lufax shares opened at $5.31 on Wednesday. The company has a market capitalization of $12.14 billion, a price/earnings ratio of 4.92, a P/E/G ratio of 0.57 and a beta of -0.01. The company has a debt ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. Lufax Holding Ltd has a 52 week low of $4.09 and a 52 week high of $9.70. The stock has a 50-day simple moving average of $5.94 and a 200-day simple moving average of $5.68.
Lufax (NYSE:LU – Get Rating) last released its results on Wednesday, May 25. The company reported earnings per share of $0.34 for the quarter, beating the consensus estimate of $0.31 by $0.03. Lufax had a return on equity of 18.65% and a net margin of 26.75%. The company posted revenue of $2.73 billion in the quarter, versus analyst estimates of $2.57 billion. During the same period of the previous year, the company achieved EPS of $0.30. As a group, equity research analysts expect Lufax Holding Ltd to post 0.96 earnings per share for the current year.
Separately, CICC Research began covering Lufax in a Monday, May 9 report. They set an “outperform” rating for the company. Three analysts rated the stock with a hold rating and two gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.45.
Lufax Company Profile (Get an assessment)
Lufax Holding Ltd operates a personal financial services technology platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore) and Lu International (Hong Kong) to middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that provides small business owners with lending solutions; and technology empowerment solutions for financial institutions.
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