33,403 shares of Lufax Holding Ltd (NYSE: LU) purchased by DekaBank Deutsche Girozentrale

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DekaBank Deutsche Girozentrale bought a new position in Lufax Holding Ltd (NYSE:LU – Get Rating) during the first quarter, HoldingsChannel reports. The company purchased 33,403 shares of the company, valued at approximately $1,625,000.

Other hedge funds have also recently been buying and selling shares of the company. Capital Research Global Investors increased its stake in Lufax by 2.2% during the 4th quarter. Capital Research Global Investors now owns 56,801,759 shares of the company valued at $319,794,000 after acquiring an additional 1,205,276 shares during the period. Krane Funds Advisors LLC increased its stake in Lufax by 23.8% during the 4th quarter. Krane Funds Advisors LLC now owns 16,700,079 shares of the company valued at $94,021,000 after acquiring an additional 3,212,992 shares during the period. Bridgewater Associates LP increased its stake in Lufax 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 acquiring an additional 976,979 shares during the period. Renaissance Technologies LLC increased its stake in Lufax shares to 69.8% in Q4. Renaissance Technologies LLC now owns 3,715,265 shares of the company worth $20,917,000 after purchasing an additional 1,527,654 shares during the period. Finally, Credit Suisse AG increased its stake in Lufax shares by 302.7% in the 4th quarter. Credit Suisse AG now owns 1,606,654 shares of the company worth $9,045,000 after purchasing an additional 1,207,690 shares during the period. Institutional investors hold 24.59% of the company’s shares.

Wall Street analysts predict growth

Separately, CICC Research began covering Lufax shares in a research note on Monday, May 9. They issued an “outperformance” rating on the stock. Three research analysts rated the stock with a hold rating and two gave the company’s stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.45.

Lufax trades up 1.0%

Lufax stock opened at $4.90 on Friday. The company has a 50-day moving average of $5.93 and a 200-day moving average of $5.65. The company has a market capitalization of $11.20 billion, a price/earnings ratio of 4.54, a P/E/G ratio of 0.51 and a beta of -0.01. Lufax Holding Ltd has a 12-month low of $4.09 and a 12-month high of $9.11. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt ratio of 0.12.

Lufax (NYSE:LU – Get Rating) last released its results on Wednesday, May 25. The company reported earnings per share (EPS) of $0.34 for the quarter, beating the consensus estimate of $0.31 by $0.03. The company posted revenue of $2.73 billion in the quarter, versus analyst estimates of $2.57 billion. Lufax had a net margin of 26.75% and a return on equity of 18.65%. During the same period of the previous year, the company posted EPS of $0.30. As a group, research analysts predict that Lufax Holding Ltd will post earnings per share of 0.96 for the current year.

About Lufax

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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.

Further reading

Want to see which other hedge funds hold LU? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Lufax Holding Ltd (NYSE:LU – Get Rating).

Institutional ownership by quarter for Lufax (NYSE:LU)



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