2,297,647 Shares in Lufax Holding Ltd (NYSE:LU) Purchased by Marshall Wace LLP

Marshall Wace LLP bought a new stake in Lufax Holding Ltd (NYSE:LU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,297,647 shares of the company's stock, valued at approximately $5,491,000. Marshall Wace LLP owned approximately 0.27% of Lufax as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Walleye Capital LLC grew its holdings in Lufax by 39.0% during the 4th quarter. Walleye Capital LLC now owns 72,554 shares of the company's stock worth $173,000 after acquiring an additional 20,339 shares in the last quarter. XTX Topco Ltd bought a new position in Lufax during the fourth quarter worth $217,000. Invesco Ltd. boosted its holdings in Lufax by 3.9% in the fourth quarter. Invesco Ltd. now owns 603,079 shares of the company's stock worth $1,441,000 after purchasing an additional 22,421 shares during the period. Headlands Technologies LLC bought a new stake in Lufax during the fourth quarter valued at $133,000. Finally, Franklin Resources Inc. lifted its position in shares of Lufax by 9.2% in the 4th quarter. Franklin Resources Inc. now owns 71,597 shares of the company's stock worth $171,000 after buying an additional 6,013 shares during the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft cut shares of Lufax from a "hold" rating to a "sell" rating in a report on Tuesday.

Lufax Stock Down 3.2 %

LU stock traded down $0.10 during trading on Tuesday, reaching $2.86. 880,513 shares of the company's stock were exchanged, compared to its average volume of 3,573,269. The company's fifty day moving average price is $2.87 and its 200-day moving average price is $2.68. The firm has a market cap of $2.47 billion, a PE ratio of -3.71 and a beta of 0.71. Lufax Holding Ltd has a 1-year low of $2.00 and a 1-year high of $4.83.

Lufax Company Profile

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.