Shares of Lufax Holding Ltd (NYSE:LU – Get Rating) have been given a consensus rating of “Hold” by the six analysts who cover the stock, Marketbeat.com reports. Four investment analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 1-year average price target among brokers who updated their coverage on the stock in the past year is $9.76.
LU has been the subject of several research reports. Macquarie downgraded Lufax shares from an “outperform” rating to a “neutral” rating and set a price target of $5.00 for the company. in a Wednesday, March 9 research report. Zacks Investment Research downgraded Lufax shares from a “buy” rating to a “hold” rating in a Thursday, March 17 research report.
Shares of NYSE LU traded down $0.19 during Monday’s trading, hitting $5.46. The stock had a trading volume of 5,582,322 shares, against an average volume of 10,056,250. Lufax has a 12-month low of $4.09 and a 12-month high of $14.44. The company has a market capitalization of $13.44 billion, a PE ratio of 5.25, a PEG ratio of 0.28 and a beta of 0.30. The company has a fifty-day moving average of $5.90 and a two-hundred-day moving average of $6.03.
Lufax (NYSE:LU – Get Rating) last released its results on Wednesday, March 9. The company reported earnings per share (EPS) of $0.19 for the quarter, missing Thomson Reuters consensus estimate of $0.20 per ($0.01). Lufax had a return on equity of 18.93% and a net margin of 27.08%. In the same quarter a year earlier, the company posted earnings of $0.19 per share. On average, research analysts predict that Lufax will post 1.23 earnings per share for the current year.
The company also recently disclosed an annual dividend, which was paid on Friday, April 15. Shareholders of record on Friday, April 8 received a dividend of $0.68 per share. The ex-dividend date was Thursday, April 7. Lufax’s dividend payout ratio (DPR) is currently 30.77%.
Several institutional investors have recently changed their positions in the company. Capital Research Global Investors increased its position in Lufax shares by 39.6% in the third quarter. Capital Research Global Investors now owns 55,596,483 shares of the company worth $388,063,000 after purchasing an additional 15,765,291 shares in the last quarter. Capital World Investors increased its position in Lufax shares by 38.8% in the third quarter. Capital World Investors now owns 53,365,330 shares of the company worth $372,490,000 after purchasing an additional 14,913,603 shares in the last quarter. Baillie Gifford & Co. increased its position in Lufax shares by 34.6% in the fourth quarter. Baillie Gifford & Co. now owns 26,496,135 shares of the company worth $149,173,000 after purchasing an additional 6,812,317 shares in the last quarter. Krane Funds Advisors LLC increased its position in Lufax shares by 94.5% in the third quarter. Krane Funds Advisors LLC now owns 13,487,087 shares of the company worth $94,140,000 after purchasing an additional 6,554,317 shares in the last quarter. Finally, Farallon Capital Management LLC increased its position in Lufax shares by 26.8% in the third quarter. Farallon Capital Management LLC now owns 14,356,899 shares of the company worth $100,211,000 after purchasing an additional 3,032,500 shares in the last quarter. 24.30% of the shares are currently held by hedge funds and other institutional investors.
About Lufax (Get an evaluation)
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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