Sumitomo Mitsui Trust Holdings Inc. Has $1.06 Million Stock Position in Lufax Holding Ltd (NYSE:LU)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in Lufax Holding Ltd (NYSE:LU - Free Report) by 75.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 346,062 shares of the company's stock after selling 1,038,194 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.06% of Lufax worth $1,062,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in Lufax by 70.4% in the third quarter. Van ECK Associates Corp now owns 45,030 shares of the company's stock worth $48,000 after buying an additional 18,609 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Lufax by 141.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 70,732 shares of the company's stock worth $75,000 after purchasing an additional 41,449 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Lufax by 663.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 125,846 shares of the company's stock worth $133,000 after acquiring an additional 109,362 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Lufax by 11.1% in the third quarter. Asset Management One Co. Ltd. now owns 163,818 shares of the company's stock valued at $174,000 after acquiring an additional 16,354 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in Lufax by 83.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 169,216 shares of the company's stock worth $179,000 after purchasing an additional 77,135 shares during the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Lufax Stock Up 2.2 %

Shares of LU traded up $0.10 during midday trading on Friday, hitting $4.68. The company had a trading volume of 4,754,691 shares, compared to its average volume of 4,974,167. The company's 50-day simple moving average is $3.66 and its 200-day simple moving average is $3.37. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.59 and a current ratio of 1.70. Lufax Holding Ltd has a 1 year low of $2.11 and a 1 year high of $7.64. The firm has a market capitalization of $2.68 billion, a P/E ratio of -33.43, a P/E/G ratio of 0.42 and a beta of 0.88.

Lufax (NYSE:LU - Get Free Report) last issued its earnings results on Thursday, March 21st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.18). The business had revenue of $965.76 million for the quarter, compared to analyst estimates of $1.06 billion. Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. As a group, sell-side analysts expect that Lufax Holding Ltd will post 0.3 EPS for the current year.

Lufax Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Tuesday, August 6th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.156 per share. This represents a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, June 4th. Lufax's dividend payout ratio is currently -178.57%.

Analyst Ratings Changes

Several brokerages have commented on LU. Morgan Stanley lifted their price objective on shares of 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 lowered Lufax from a "buy" rating to a "neutral" rating in a 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $6.91.

Lufax 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.