SG Americas Securities LLC acquired a new stake in Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 179,521 shares of the company's stock, valued at approximately $533,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Lufax by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 7,143,366 shares of the company's stock valued at $17,073,000 after purchasing an additional 70,181 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Lufax by 35.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,205,838 shares of the company's stock valued at $10,052,000 after buying an additional 1,102,943 shares during the period. Tiger Pacific Capital LP acquired a new position in shares of Lufax during the fourth quarter worth about $9,409,000. Marshall Wace LLP purchased a new stake in shares of Lufax during the fourth quarter worth approximately $5,491,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Lufax in the fourth quarter valued at approximately $5,436,000. Hedge funds and other institutional investors own 69.14% of the company's stock.
Lufax Stock Performance
NYSE LU traded up $0.01 during trading on Monday, reaching $2.80. 1,557,799 shares of the company's stock were exchanged, compared to its average volume of 3,458,805. The company has a 50 day moving average price of $2.84 and a two-hundred day moving average price of $2.75. The stock has a market cap of $2.43 billion, a P/E ratio of -3.64 and a beta of 0.71. Lufax Holding Ltd. Sponsored ADR has a 1 year low of $2.13 and a 1 year high of $4.15.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft downgraded shares of Lufax from a "hold" rating to a "sell" rating in a research report on Tuesday, April 29th.
Read Our Latest Stock Report on Lufax
Lufax Profile
(
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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