Millennium Management LLC raised its stake in Lufax Holding Ltd (NYSE:LU - Free Report) by 56.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 580,890 shares of the company's stock after purchasing an additional 209,117 shares during the period. Millennium Management LLC owned 0.07% of Lufax worth $1,388,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of Lufax by 9.2% in the fourth quarter. Franklin Resources Inc. now owns 71,597 shares of the company's stock valued at $171,000 after acquiring an additional 6,013 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Lufax by 24.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company's stock valued at $79,000 after acquiring an additional 6,422 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Lufax by 43.6% in the fourth quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock valued at $51,000 after acquiring an additional 6,445 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Lufax by 11.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,847 shares of the company's stock valued at $152,000 after acquiring an additional 6,519 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Lufax by 102.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock valued at $40,000 after acquiring an additional 8,382 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.
Lufax Price Performance
LU traded down $0.01 on Friday, hitting $2.91. 2,221,200 shares of the stock were exchanged, compared to its average volume of 3,559,973. Lufax Holding Ltd has a 12 month low of $2.09 and a 12 month high of $4.15. The business has a 50-day moving average of $2.79 and a two-hundred day moving average of $2.71. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -3.78 and a beta of 0.71.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft downgraded shares of Lufax from a "hold" rating to a "sell" rating in a research note on Tuesday, April 29th.
View Our Latest Report on Lufax
About Lufax
(
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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