415,470 shares of Lufax Holding Ltd (NYSE: LU) acquired by SG Americas Securities LLC

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SG Americas Securities LLC bought a new position in shares of Lufax Holding Ltd (NYSE:LU – Get Rating) in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). The fund bought 415,470 shares of the company, valued at around $2,314,000.

Several other institutional investors have also recently increased or reduced their stake in LU. Russell Investments Group Ltd. increased its position in Lufax by 34.6% during the fourth quarter. Russell Investments Group Ltd. now owns 147,617 shares of the company worth $830,000 after purchasing an additional 37,936 shares during the period. National Bank of Canada FI acquired a new position in Lufax during the fourth quarter worth approximately $1,830,000. Van ECK Associates Corp increased its position in Lufax by 81.5% during the fourth quarter. Van ECK Associates Corp now owns 11,399 shares of the company worth $64,000 after purchasing an additional 5,119 shares during the period. DGS Capital Management LLC acquired a new position in Lufax during the fourth quarter worth approximately $104,000. Finally, Yousif Capital Management LLC acquired a new position in Lufax during the fourth quarter worth approximately $215,000. Institutional investors and hedge funds hold 24.59% of the company’s shares.

Analyst upgrades and downgrades

Separately, CICC Research supported Lufax’s coverage in a Monday, May 9 research report. They set an “outperformance” rating on the stock. Three investment analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.45.

Lufax trades down 3.3%

NYSE:LU opened at $4.74 on Friday. The company has a market capitalization of $10.83 billion, a P/E ratio of 4.39, a PEG ratio of 0.49 and a beta of -0.01. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt ratio of 0.12. The stock’s 50-day simple moving average is $5.91 and its 200-day simple moving average is $5.65. Lufax Holding Ltd has a 12-month low of $4.09 and a 12-month high of $9.11.

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 consensus analyst estimates of $0.31 by $0.03. The company posted revenue of $2.73 billion for the quarter, versus analyst estimates of $2.57 billion. Lufax had a return on equity of 18.65% and a net margin of 26.75%. In the same quarter a year earlier, the company posted earnings per share of $0.30. Equity analysts expect Lufax Holding Ltd to post EPS 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.

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Institutional ownership by quarter for Lufax (NYSE:LU)



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