Lufax Holding Ltd (NYSE:LU - Get Free Report)'s share price rose 3.3% during mid-day trading on Thursday . The stock traded as high as $4.39 and last traded at $4.39. Approximately 191,685 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 5,269,351 shares. The stock had previously closed at $4.25.
Analyst Ratings Changes
A number of equities research analysts have commented on LU shares. Morgan Stanley raised their price objective on Lufax from $3.00 to $4.80 and gave the stock an "equal weight" rating in a research report on Tuesday, January 2nd. Bank of America lowered Lufax from a "buy" rating to a "neutral" rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $6.91.
Get Our Latest Stock Report on Lufax
Lufax Trading Up 1.2 %
The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.59 and a current ratio of 1.68. The company has a 50-day simple moving average of $3.24 and a 200 day simple moving average of $3.37. The company has a market capitalization of $2.46 billion, a P/E ratio of 18.70 and a beta of 0.88.
Lufax Cuts Dividend
The company also recently disclosed a -- dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.156 per share. This represents a dividend yield of 5.8%. The ex-dividend date is Tuesday, June 4th. Lufax's dividend payout ratio is presently 108.70%.
Institutional Trading of Lufax
A number of institutional investors and hedge funds have recently modified their holdings of LU. Moneta Group Investment Advisors LLC bought a new stake in Lufax in the first quarter valued at $25,000. PNC Financial Services Group Inc. boosted its stake in Lufax by 1,344.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company's stock worth $31,000 after purchasing an additional 5,299 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Lufax in the fourth quarter worth $31,000. Comerica Bank acquired a new position in Lufax in the fourth quarter worth $37,000. Finally, Cerity Partners LLC boosted its stake in Lufax by 148.8% in the second quarter. Cerity Partners LLC now owns 26,956 shares of the company's stock worth $39,000 after purchasing an additional 16,123 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.
About Lufax
(
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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.
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