Lufax Holding Ltd (NYSE:LU) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of Lufax Holding Ltd (NYSE:LU - Free Report) by 190.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,305,475 shares of the company's stock after purchasing an additional 856,066 shares during the quarter. BNP Paribas Financial Markets owned 0.15% of Lufax worth $3,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Baillie Gifford & Co. lifted its position in Lufax by 0.3% in the fourth quarter. Baillie Gifford & Co. now owns 14,667,069 shares of the company's stock valued at $35,054,000 after acquiring an additional 49,964 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Lufax by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 7,143,366 shares of the company's stock valued at $17,073,000 after purchasing an additional 70,181 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Lufax by 35.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,205,838 shares of the company's stock worth $10,052,000 after acquiring an additional 1,102,943 shares during the period. Marshall Wace LLP acquired a new position in shares of Lufax during the 4th quarter worth $5,491,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in Lufax in the fourth quarter valued at about $5,436,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft cut shares of Lufax from a "hold" rating to a "sell" rating in a research note on Tuesday, April 29th.

Lufax Trading Down 3.4%

LU traded down $0.11 during trading on Wednesday, hitting $2.95. 613,286 shares of the company's stock were exchanged, compared to its average volume of 3,626,557. The stock has a 50 day moving average price of $2.82 and a 200 day moving average price of $2.67. Lufax Holding Ltd has a 1 year low of $2.00 and a 1 year high of $4.58. The firm has a market cap of $2.55 billion, a P/E ratio of -3.82 and a beta of 0.71.

Lufax 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.