Legal & General Group Plc lessened its stake in Lufax Holding Ltd (NYSE:LU - Free Report) by 21.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 624,730 shares of the company's stock after selling 168,907 shares during the quarter. Legal & General Group Plc owned approximately 0.07% of Lufax worth $1,493,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Lufax by 102.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock worth $40,000 after purchasing an additional 8,382 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Lufax by 230.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company's stock worth $41,000 after purchasing an additional 12,048 shares during the period. Corient Private Wealth LLC lifted its stake in 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. raised its stake in shares of Lufax by 24.5% in the fourth 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 in the last quarter. Finally, Amundi increased its holdings in shares of Lufax by 32.7% in 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.
Lufax Price Performance
Shares of LU stock traded down $0.02 on Thursday, hitting $2.89. The company's stock had a trading volume of 417,262 shares, compared to its average volume of 3,572,847. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of -3.75 and a beta of 0.71. Lufax Holding Ltd has a fifty-two week low of $2.00 and a fifty-two week high of $4.83. The firm's fifty day moving average price is $2.87 and its 200-day moving average price is $2.68.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft cut Lufax from a "hold" rating to a "sell" rating in a research report on Tuesday.
View Our Latest Report on LU
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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