Lufax Holding Ltd (NYSE:LU – Get Rating) received an average recommendation of “Hold” from the six brokerages that currently cover the stock, Marketbeat reports. Four investment analysts gave the stock a hold rating and two issued a buy rating for the company. The 1-year average price target among brokerages that have covered the stock over the past year is $9.76.
A number of stock analysts have weighed in on the stock recently. Zacks Investment Research downgraded Lufax shares from a “buy” rating to a “hold” rating in a Thursday, March 17 research note. Macquarie downgraded Lufax shares from an “outperform” rating to a “neutral” rating and set a target price of $5.00 for the company. in a Wednesday, March 9 research note.
NYSE:LU shares opened at $5.27 on Friday. The company has a market capitalization of $12.98 billion, a PE ratio of 5.07, a growth price-earnings ratio of 0.28 and a beta of -0.02. The company’s fifty-day moving average is $5.72 and its 200-day moving average is $5.87. Lufax has a 52-week low of $4.09 and a 52-week high of $13.04.
Lufax (NYSE:LU – Get Rating) last released its quarterly results on Wednesday, March 9. The company reported EPS of $0.22 for the quarter, beating analyst consensus estimates of $0.20 by $0.02. Lufax had a net margin of 27.08% and a return on equity of 18.93%. The company posted revenue of $2.48 billion for the quarter. During the same quarter last year, the company posted EPS of $0.19. Research analysts expect Lufax to post 1.23 earnings per share for the current fiscal year.
The company also recently declared an annual dividend, which was paid on Friday, April 15. Shareholders of record on Friday, April 8 received a dividend of $0.68. The ex-dividend date was Thursday, April 7. Lufax’s dividend payout ratio (DPR) is currently 30.77%.
A number of institutional investors and hedge funds have recently bought and sold shares of LU. GSA Capital Partners LLP increased its holdings of Lufax shares by 9.9% during the third quarter. GSA Capital Partners LLP now owns 28,907 shares of the company valued at $202,000 after purchasing an additional 2,603 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings of Lufax shares by 463.5% during the third quarter. PNC Financial Services Group Inc. now owns 5,612 shares of the company valued at $39,000 after purchasing an additional 4,616 shares in the last quarter. Van ECK Associates Corp increased its holdings of Lufax shares by 81.5% during the fourth quarter. Van ECK Associates Corp now owns 11,399 shares of the company valued at $64,000 after buying an additional 5,119 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Lufax during the fourth quarter valued at approximately $42,000. Finally, FIL Ltd increased its holdings of Lufax shares by 100.3% during the third quarter. FIL Ltd now owns 19,266 shares in the company valued at $134,000 after purchasing an additional 9,648 shares in the last quarter. 24.59% of the shares are held by hedge funds and other institutional investors.
Lufax Company Profile (Get a rating)
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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