Lufax (NYSE:LU) Stock Price Down 2.4%

Shares of Lufax Holding Ltd (NYSE:LU - Get Free Report) fell 2.4% on Tuesday . The stock traded as low as $4.54 and last traded at $4.55. 206,922 shares were traded during mid-day trading, a decline of 96% from the average session volume of 4,657,542 shares. The stock had previously closed at $4.66.

Wall Street Analysts Forecast Growth

Separately, Bank of America downgraded Lufax from a "buy" rating to a "neutral" rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $6.91.

Lufax Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a 50-day moving average of $4.04 and a 200-day moving average of $3.41. The firm has a market capitalization of $2.62 billion, a P/E ratio of -32.78, a PEG ratio of 0.62 and a beta of 0.82.

Lufax (NYSE:LU - Get Free Report) last released its earnings results on Monday, April 22nd. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.28). The firm had revenue of $964.47 million for the quarter. Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. As a group, analysts predict that Lufax Holding Ltd will post 0.21 EPS for the current year.

Lufax Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Tuesday, June 4th will be issued a $0.156 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a dividend yield of 5.8%. Lufax's dividend payout ratio (DPR) is presently -178.56%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in Lufax by 70.4% during the third quarter. Van ECK Associates Corp now owns 45,030 shares of the company's stock valued at $48,000 after buying an additional 18,609 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Lufax in the 1st quarter valued at $60,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Lufax by 141.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 70,732 shares of the company's stock worth $75,000 after acquiring an additional 41,449 shares in the last quarter. PFG Investments LLC bought a new stake in Lufax during the first quarter valued at about $76,000. Finally, PDS Planning Inc bought a new position in Lufax in the first quarter worth about $78,000. Hedge funds and other institutional investors own 69.14% of the company's stock.

Lufax Company Profile

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.