Lufax Holding Ltd (NYSE:LU) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its holdings in shares of Lufax Holding Ltd (NYSE:LU - Free Report) by 747.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,293,334 shares of the company's stock after acquiring an additional 1,140,634 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.15% of Lufax worth $3,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LU. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 valued at $40,000 after acquiring an additional 8,382 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in Lufax by 230.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company's stock valued at $41,000 after purchasing an additional 12,048 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Lufax by 43.6% in the 4th quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock valued at $51,000 after purchasing an additional 6,445 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of 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 purchasing an additional 6,422 shares during the last quarter. Finally, Amundi grew 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 buying an additional 13,547 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.

Lufax Stock Down 0.9%

Shares of NYSE:LU traded down $0.03 during midday trading on Tuesday, reaching $2.87. The company's stock had a trading volume of 1,851,265 shares, compared to its average volume of 3,666,589. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of -3.72 and a beta of 0.71. Lufax Holding Ltd has a 1 year low of $2.00 and a 1 year high of $4.58. The business has a 50 day moving average price of $2.80 and a 200 day moving average price of $2.70.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of Lufax from a "hold" rating to a "sell" rating in a research note on Tuesday, April 29th.

Lufax 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.