Public Employees Retirement System of Ohio Has $420,000 Holdings in Lufax Holding Ltd. Sponsored ADR $LU

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Lufax Holding Ltd. by 54.9%, now holding 150,600 shares valued at approximately $420,000.
• Several hedge funds have modified their holdings in Lufax, with Mitsubishi UFJ Asset Management increasing its position by 11.2% in the first quarter.
• Wall Street analysts have mixed reviews on Lufax, with one firm upgrading it to a "hold" while others maintain "sell" ratings, resulting in a consensus price target of $3.20.

Public Employees Retirement System of Ohio trimmed its holdings in Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Free Report) by 54.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,600 shares of the company's stock after selling 183,176 shares during the period. Public Employees Retirement System of Ohio's holdings in Lufax were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of LU. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Lufax by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,969 shares of the company's stock valued at $211,000 after purchasing an additional 7,122 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Lufax by 44.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,017 shares of the company's stock valued at $71,000 after buying an additional 7,417 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Lufax by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,343,505 shares of the company's stock valued at $3,990,000 after buying an additional 8,236 shares during the period. QRG Capital Management Inc. bought a new stake in shares of Lufax during the first quarter worth $70,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Lufax during the first quarter worth $101,000. Institutional investors and hedge funds own 69.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LU. Wall Street Zen raised shares of Lufax from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Weiss Ratings reissued a "sell (d)" rating on shares of Lufax in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Lufax has an average rating of "Sell" and a consensus price target of $3.20.

Lufax Stock Down 8.1%

Shares of Lufax stock opened at $4.01 on Monday. The stock has a market cap of $3.47 billion, a P/E ratio of -5.20 and a beta of 0.76. Lufax Holding Ltd. Sponsored ADR has a 12-month low of $2.22 and a 12-month high of $4.57. The business's 50 day moving average is $3.12 and its 200-day moving average is $2.93.

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.

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