Lufax Holding Ltd. Sponsored ADR $LU Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Lufax Holding Ltd. by 19.1% in Q1, now owning approximately 5 million shares valued at $14.88 million.
• Several institutional investors, including Mirae Asset Global Investments and Allianz Asset Management, have also raised their holdings in Lufax during the same quarter.
• Lufax's stock received mixed analyst ratings, with Deutsche Bank downgrading it to "sell" and others maintaining a "hold" stance, resulting in an average target price of $3.20.

Charles Schwab Investment Management Inc. lifted its position in shares of Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Free Report) by 19.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,011,130 shares of the company's stock after acquiring an additional 805,292 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.58% of Lufax worth $14,883,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LU. QRG Capital Management Inc. purchased a new stake in shares of Lufax in the first quarter valued at about $70,000. Mirae Asset Global Investments Co. Ltd. increased its position in Lufax by 44.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,017 shares of the company's stock worth $71,000 after purchasing an additional 7,417 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Lufax during the fourth quarter worth approximately $142,000. Walleye Capital LLC increased its position in Lufax by 39.0% during the fourth quarter. Walleye Capital LLC now owns 72,554 shares of the company's stock worth $173,000 after purchasing an additional 20,339 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Lufax during the fourth quarter worth approximately $217,000. Hedge funds and other institutional investors own 69.14% of the company's stock.

Lufax Trading Up 0.2%

LU stock traded up $0.01 during mid-day trading on Friday, hitting $2.97. 1,202,794 shares of the company were exchanged, compared to its average volume of 1,617,288. The company has a market capitalization of $2.57 billion, a PE ratio of -3.85 and a beta of 0.69. Lufax Holding Ltd. Sponsored ADR has a twelve month low of $2.13 and a twelve month high of $4.15. The firm has a fifty day simple moving average of $2.85 and a 200 day simple moving average of $2.87.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Lufax from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $3.20.

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.