Wellington Management Group LLP acquired a new stake in shares of Lufax Holding Ltd (NYSE:LU - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 159,148 shares of the company's stock, valued at approximately $380,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Lufax during the 4th quarter worth about $5,436,000. Norges Bank purchased a new position in Lufax during the fourth quarter worth approximately $4,221,000. Charles Schwab Investment Management Inc. grew its holdings in Lufax by 35.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,205,838 shares of the company's stock valued at $10,052,000 after purchasing an additional 1,102,943 shares during the period. Catalyst Funds Management Pty Ltd increased its position in shares of Lufax by 999.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 888,000 shares of the company's stock valued at $2,122,000 after buying an additional 807,200 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Lufax during the 3rd quarter worth approximately $1,479,000. Institutional investors and hedge funds own 69.14% of the company's stock.
Lufax Stock Performance
Lufax stock traded down $0.08 during trading on Friday, reaching $2.36. The company had a trading volume of 4,723,497 shares, compared to its average volume of 3,565,663. The firm's 50-day simple moving average is $2.88 and its 200 day simple moving average is $2.72. The firm has a market capitalization of $2.04 billion, a PE ratio of -3.06 and a beta of 0.71. Lufax Holding Ltd has a 1-year low of $2.00 and a 1-year high of $4.94.
Lufax Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Lufax, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lufax wasn't on the list.
While Lufax currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
