SG Americas Securities LLC acquired a new stake in Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 179,521 shares of the company's stock, valued at approximately $533,000.
A number of other institutional investors have also made changes to their positions in LU. Charles Schwab Investment Management Inc. boosted its position in Lufax by 35.5% during 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 last quarter. Amundi increased its position in shares of Lufax by 32.7% during the 4th quarter. Amundi now owns 54,987 shares of the company's stock worth $133,000 after purchasing an additional 13,547 shares during the last quarter. Catalyst Funds Management Pty Ltd raised its stake in shares of Lufax by 999.0% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 888,000 shares of the company's stock worth $2,122,000 after purchasing an additional 807,200 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of 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 buying an additional 6,445 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Lufax in the fourth quarter valued at $173,000. Institutional investors own 69.14% of the company's stock.
Lufax Price Performance
NYSE LU traded down $0.01 during trading on Thursday, reaching $2.80. 1,504,679 shares of the company's stock were exchanged, compared to its average volume of 3,437,311. The business has a 50 day moving average price of $2.87 and a 200-day moving average price of $2.75. The stock has a market capitalization of $2.42 billion, a P/E ratio of -3.63 and a beta of 0.71. Lufax Holding Ltd. Sponsored ADR has a fifty-two week low of $2.13 and a fifty-two week high of $4.15.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft cut shares of Lufax from a "hold" rating to a "sell" rating in a research note on Tuesday, April 29th.
Check Out Our Latest Stock Report on Lufax
About Lufax
(
Free Report)
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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