Lufax Holding Ltd (NYSE:LU) Position Lifted by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its stake in shares of Lufax Holding Ltd (NYSE:LU - Free Report) by 747.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,293,334 shares of the company's stock after purchasing an additional 1,140,634 shares during the period. Nuveen Asset Management LLC owned 0.15% of Lufax worth $3,091,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Funds Management Pty Ltd increased its position in shares of Lufax by 999.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 888,000 shares of the company's stock worth $2,122,000 after acquiring an additional 807,200 shares in the last quarter. Norges Bank purchased a new position in shares of Lufax in the fourth quarter valued at $4,221,000. Northern Trust Corp boosted its stake in shares of Lufax by 110.7% in the fourth quarter. Northern Trust Corp now owns 523,084 shares of the company's stock valued at $1,250,000 after purchasing an additional 274,808 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Lufax by 35.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,205,838 shares of the company's stock valued at $10,052,000 after purchasing an additional 1,102,943 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Lufax by 190.5% in the fourth quarter. BNP Paribas Financial Markets now owns 1,305,475 shares of the company's stock valued at $3,120,000 after purchasing an additional 856,066 shares during the period. Institutional investors and hedge funds own 69.14% of the company's stock.

Lufax Trading Down 1.2%

NYSE LU traded down $0.04 during trading hours on Thursday, reaching $2.93. 2,004,591 shares of the company traded hands, compared to its average volume of 3,582,338. Lufax Holding Ltd has a 12 month low of $2.09 and a 12 month high of $4.15. The stock has a market capitalization of $2.54 billion, a PE ratio of -3.80 and a beta of 0.71. The company has a 50 day moving average of $2.79 and a two-hundred day moving average of $2.71.

Analyst Ratings Changes

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 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.