Brokerages Set Lufax Holding Ltd (NYSE:LU) PT at $6.91

Shares of Lufax Holding Ltd (NYSE:LU - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.91.

A number of equities analysts have commented on the company. Morgan Stanley lifted their target price on Lufax from $3.00 to $4.80 and gave the company an "equal weight" rating in a research note on Tuesday, January 2nd. Bank of America downgraded Lufax from a "buy" rating to a "neutral" rating in a research report on Thursday, January 25th.

Institutional Investors Weigh In On Lufax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. increased its stake in Lufax by 2,280.1% in the 4th quarter. Nomura Holdings Inc. now owns 883,009 shares of the company's stock worth $2,711,000 after purchasing an additional 845,909 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Lufax by 938.0% during the fourth quarter. Virtu Financial LLC now owns 189,121 shares of the company's stock valued at $581,000 after acquiring an additional 170,902 shares during the period. OLD Mission Capital LLC purchased a new stake in shares of Lufax in the 4th quarter valued at approximately $600,000. Comerica Bank acquired a new position in Lufax in the 4th quarter worth approximately $37,000. Finally, Cubist Systematic Strategies LLC grew its position in Lufax by 2,298.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 342,417 shares of the company's stock worth $1,051,000 after purchasing an additional 328,141 shares in the last quarter. Institutional investors own 69.14% of the company's stock.

Lufax Stock Up 1.2 %

NYSE:LU traded up $0.05 during mid-day trading on Thursday, reaching $4.30. The stock had a trading volume of 1,074,547 shares, compared to its average volume of 5,282,853. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.59. The stock's 50 day simple moving average is $3.24 and its two-hundred day simple moving average is $3.37. Lufax has a 1-year low of $2.11 and a 1-year high of $8.44. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 18.70 and a beta of 0.88.

Lufax Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Tuesday, August 6th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.156 per share. The ex-dividend date is Tuesday, June 4th. This represents a yield of 5.8%. Lufax's payout ratio is 108.70%.

About Lufax

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. The company offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions.