Bank of America Corp DE cut its stake in shares of Lufax Holding Ltd (NYSE:LU - Free Report) by 18.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 717,144 shares of the company's stock after selling 158,726 shares during the quarter. Bank of America Corp DE owned 0.08% of Lufax worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in LU. Mirae Asset Global Investments Co. Ltd. grew its holdings 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 worth $40,000 after acquiring an additional 8,382 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Lufax by 230.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company's stock worth $41,000 after acquiring an additional 12,048 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Lufax by 43.6% during the 4th quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock worth $51,000 after acquiring an additional 6,445 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Lufax by 24.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company's stock worth $79,000 after acquiring an additional 6,422 shares during the last quarter. Finally, Amundi grew its holdings in Lufax by 32.7% during the 4th quarter. Amundi now owns 54,987 shares of the company's stock worth $133,000 after acquiring an additional 13,547 shares during the last quarter. 69.14% of the stock is owned by institutional investors.
Lufax Stock Performance
Shares of NYSE LU traded down $0.04 during midday trading on Thursday, reaching $2.93. The stock had a trading volume of 2,004,591 shares, compared to its average volume of 3,595,140. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of -3.80 and a beta of 0.71. Lufax Holding Ltd has a twelve month low of $2.05 and a twelve month high of $4.15. The company's 50 day moving average price is $2.79 and its 200 day moving average price is $2.71.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft lowered shares of Lufax from a "hold" rating to a "sell" rating in a report on Tuesday, April 29th.
Get Our Latest Research Report on LU
Lufax Company Profile
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Free Report)
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.
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