UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Lufax Holding Ltd (NYSE:LU - Free Report) by 43.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,808 shares of the company's stock after selling 97,772 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Lufax were worth $301,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Catalyst Funds Management Pty Ltd boosted its position in Lufax by 999.0% during 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 during the last quarter. Millennium Management LLC raised its stake in Lufax by 56.2% during the fourth quarter. Millennium Management LLC now owns 580,890 shares of the company's stock worth $1,388,000 after purchasing an additional 209,117 shares during the period. Norges Bank purchased a new position in Lufax during the fourth quarter worth approximately $4,221,000. Northern Trust Corp raised its stake in Lufax by 110.7% during the fourth quarter. Northern Trust Corp now owns 523,084 shares of the company's stock worth $1,250,000 after purchasing an additional 274,808 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake 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 worth $10,052,000 after purchasing an additional 1,102,943 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.
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.
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Lufax Stock Performance
Shares of NYSE LU traded down $0.11 during midday trading on Friday, hitting $2.82. The company's stock had a trading volume of 2,660,231 shares, compared to its average volume of 3,515,528. Lufax Holding Ltd has a 1-year low of $2.12 and a 1-year high of $4.15. The firm's fifty day moving average price is $2.81 and its 200-day moving average price is $2.73. The firm has a market cap of $2.44 billion, a P/E ratio of -3.66 and a beta of 0.71.
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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