Northern Trust Corp Has $1.25 Million Position in Lufax Holding Ltd (NYSE:LU)

Northern Trust Corp lifted its position in shares of Lufax Holding Ltd (NYSE:LU - Free Report) by 110.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 523,084 shares of the company's stock after purchasing an additional 274,808 shares during the quarter. Northern Trust Corp owned 0.06% of Lufax worth $1,250,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Lufax by 102.0% during the fourth 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 period. Pictet Asset Management Holding SA raised its holdings in shares of Lufax by 230.2% during the fourth 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 period. Corient Private Wealth LLC raised its holdings in shares of Lufax by 43.6% during the fourth 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 period. Asset Management One Co. Ltd. raised its holdings in shares of Lufax by 24.5% during the fourth 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 period. Finally, Amundi raised its holdings in shares of Lufax by 32.7% during the fourth quarter. Amundi now owns 54,987 shares of the company's stock worth $133,000 after acquiring an additional 13,547 shares during the period. 69.14% of the stock is owned by institutional investors.

Lufax Stock Down 1.2%

Shares of NYSE:LU traded down $0.04 during midday trading on Monday, reaching $2.90. 3,281,980 shares of the company were exchanged, compared to its average volume of 3,673,809. Lufax Holding Ltd has a fifty-two week low of $2.00 and a fifty-two week high of $4.58. The stock has a fifty day simple moving average of $2.80 and a two-hundred day simple moving average of $2.70. The firm has a market cap of $2.51 billion, a PE ratio of -3.76 and a beta of 0.71.

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.

About Lufax

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.