Wellington Management Group LLP acquired a new stake in shares of Lufax Holding Ltd (NYSE:LU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 159,148 shares of the company's stock, valued at approximately $380,000.
Other hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Lufax by 102.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock worth $40,000 after buying an additional 8,382 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Lufax by 230.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company's stock worth $41,000 after acquiring an additional 12,048 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Lufax by 43.6% during the 4th quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock worth $51,000 after acquiring an additional 6,445 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Lufax by 24.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company's stock valued at $79,000 after acquiring an additional 6,422 shares during the last quarter. Finally, Amundi boosted its position in shares of Lufax by 32.7% during the 4th quarter. Amundi now owns 54,987 shares of the company's stock valued at $133,000 after acquiring an additional 13,547 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft cut shares of Lufax from a "hold" rating to a "sell" rating in a research report on Tuesday, April 29th.
Get Our Latest Stock Report on LU
Lufax Trading Down 0.3%
Shares of NYSE:LU opened at $2.91 on Friday. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -3.78 and a beta of 0.71. Lufax Holding Ltd has a 12 month low of $2.09 and a 12 month high of $4.15. The company has a 50-day moving average price of $2.79 and a 200 day moving average price of $2.72.
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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