Bank of America Corp DE Has $1.71 Million Stock Position in Lufax Holding Ltd (NYSE:LU)

Bank of America Corp DE lessened its position in Lufax Holding Ltd (NYSE:LU - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 717,144 shares of the company's stock after selling 158,726 shares during the period. Bank of America Corp DE owned approximately 0.08% of Lufax worth $1,714,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Lufax by 102.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock valued at $40,000 after buying an additional 8,382 shares during the period. Pictet Asset Management Holding SA increased its stake in Lufax by 230.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company's stock valued at $41,000 after buying an additional 12,048 shares during the period. Corient Private Wealth LLC increased its stake in Lufax by 43.6% during the 4th quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock valued at $51,000 after buying an additional 6,445 shares during the period. Asset Management One Co. Ltd. increased its stake in Lufax by 24.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company's stock valued at $79,000 after buying an additional 6,422 shares during the period. Finally, Amundi increased its stake in Lufax by 32.7% during the 4th quarter. Amundi now owns 54,987 shares of the company's stock valued at $133,000 after buying an additional 13,547 shares during the period. Institutional investors and hedge funds own 69.14% of the company's stock.

Analysts Set New Price Targets

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 Price Performance

Shares of LU traded down $0.01 during mid-day trading on Friday, hitting $2.91. The company's stock had a trading volume of 2,221,200 shares, compared to its average volume of 3,559,973. The firm has a 50-day moving average price of $2.79 and a 200 day moving average price of $2.71. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of -3.78 and a beta of 0.71. Lufax Holding Ltd has a fifty-two week low of $2.09 and a fifty-two week high of $4.15.

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.