4,859,255 Shares in Lufax Holding Ltd. Sponsored ADR $LU Acquired by Nuveen LLC

Key Points

• Nuveen LLC has taken a new stake in Lufax Holding Ltd. by purchasing 4,859,255 shares valued at approximately $14.4 million, representing 0.56% of the company's equity.
• Despite the recent investment interest, Lufax's stock has dropped 0.2%, with a current price of $2.7550 and a market cap of $2.39 billion.
• Recent analyst ratings for Lufax show a consensus of "Reduce," indicating mixed sentiment among analysts, with Deutsche Bank downgrading it to "sell" while Wall Street Zen upgraded it to "hold."

Nuveen LLC acquired a new stake in shares of Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,859,255 shares of the company's stock, valued at approximately $14,432,000. Nuveen LLC owned approximately 0.56% of Lufax at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LU. Tiger Pacific Capital LP purchased a new stake in Lufax during the 4th quarter valued at about $9,409,000. Marshall Wace LLP purchased a new stake in Lufax during the 4th quarter valued at about $5,491,000. Nuveen Asset Management LLC grew its stake in Lufax by 747.0% during the 4th quarter. Nuveen Asset Management LLC now owns 1,293,334 shares of the company's stock valued at $3,091,000 after acquiring an additional 1,140,634 shares in the last quarter. Cape Ann Asset Management Ltd purchased a new stake in Lufax during the 1st quarter valued at about $3,180,000. Finally, BNP Paribas Financial Markets grew its stake in Lufax by 190.5% during the 4th quarter. BNP Paribas Financial Markets now owns 1,305,475 shares of the company's stock valued at $3,120,000 after acquiring an additional 856,066 shares in the last quarter. Hedge funds and other institutional investors own 69.14% of the company's stock.

Lufax Price Performance

Shares of NYSE:LU traded down $0.08 during mid-day trading on Tuesday, reaching $3.04. 2,158,662 shares of the company were exchanged, compared to its average volume of 1,655,897. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -3.94 and a beta of 0.69. The firm's 50-day simple moving average is $2.84 and its 200 day simple moving average is $2.87. Lufax Holding Ltd. Sponsored ADR has a 1 year low of $2.13 and a 1 year high of $4.15.

Analyst Ratings Changes

LU has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Lufax from a "hold" rating to a "sell" rating in a research note on Tuesday, April 29th. Wall Street Zen raised shares of Lufax from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lufax has an average rating of "Reduce" and an average price target 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.