Mitsubishi UFJ Asset Management Co. Ltd. Cuts Stock Position in Lufax Holding Ltd (NYSE:LU)

Mitsubishi UFJ Asset Management Co. Ltd. lessened its position in shares of Lufax Holding Ltd (NYSE:LU - Free Report) by 78.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,919 shares of the company's stock after selling 419,928 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Lufax were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Van ECK Associates Corp raised its stake in Lufax by 70.4% during the third quarter. Van ECK Associates Corp now owns 45,030 shares of the company's stock worth $48,000 after acquiring an additional 18,609 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Lufax by 141.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 70,732 shares of the company's stock valued at $75,000 after buying an additional 41,449 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Lufax by 663.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 125,846 shares of the company's stock worth $133,000 after buying an additional 109,362 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Lufax by 83.8% during 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 buying an additional 77,135 shares in the last quarter. Finally, Prudential PLC boosted its holdings in shares of Lufax by 13.7% during the 3rd quarter. Prudential PLC now owns 201,946 shares of the company's stock valued at $214,000 after acquiring an additional 24,329 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Bank of America cut Lufax from a "buy" rating to a "neutral" rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $6.91.

Lufax Trading Down 1.8 %

NYSE:LU traded down $0.08 during trading hours on Thursday, hitting $4.27. 2,424,523 shares of the company were exchanged, compared to its average volume of 4,518,531. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -30.50, a price-to-earnings-growth ratio of 0.60 and a beta of 0.82. Lufax Holding Ltd has a one year low of $2.11 and a one year high of $7.64. The company has a fifty day simple moving average of $4.30 and a 200 day simple moving average of $3.44. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.07.

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

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 (DPR) is presently -178.56%.

Lufax Profile

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.