Lufax - LU Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lufax in the last year. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LU, but not buy additional shares or sell existing shares.
View LU analyst ratings or view top-rated stocks.

10 Wall Street research analysts have issued 12-month price targets for Lufax's stock. Their LU share price forecasts range from $1.40 to $6.40. On average, they predict the company's share price to reach $3.07 in the next year. This suggests that the stock has a possible downside of 6.8%.
View analysts price targets for LU or view top-rated stocks among Wall Street analysts.

Lufax's stock was trading at $1.94 at the beginning of the year. Since then, LU shares have increased by 69.6% and is now trading at $3.29.
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Lufax saw a increase in short interest in January. As of January 15th, there was short interest totaling 39,910,000 shares, an increase of 43.6% from the December 31st total of 27,790,000 shares. Based on an average trading volume of 19,070,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.7% of the shares of the stock are short sold.
View Lufax's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 8th 2023.
View our LU earnings forecast.

Lufax Holding Ltd (NYSE:LU) announced its quarterly earnings data on Wednesday, November, 23rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by $0.07. The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $2.09 billion. Lufax had a trailing twelve-month return on equity of 13.69% and a net margin of 20.48%.

Lufax announced a semi-annual dividend on Thursday, October 20th. Shareholders of record on Thursday, October 13th will be paid a dividend of $0.17 per share on Friday, October 28th. This represents a dividend yield of 11%. The ex-dividend date of this dividend is Wednesday, October 12th.
Read our dividend analysis for LU.

Lufax (NYSE:LU) pays an annual dividend of $0.30 per share and currently has a dividend yield of 10.14%. LU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LU will have a dividend payout ratio of 71.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LU.

Lufax updated its FY 2022 earnings guidance on Sunday, December, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.01 billion-$8.15 billion, compared to the consensus revenue estimate of $8.49 billion.

(LU) raised $2.2 billion in an initial public offering on Friday, October 30th 2020. The company issued 175,000,000 shares at a price of $11.50-$13.50 per share. Goldman Sachs (Asia), BofA Securities, UBS Investment Bank, HSBC, China PA Securities (Hong Kong) Co., Morgan Stanley, CLSA and Jefferies served as the underwriters for the IPO and J.P. Morgan, BOCI, Haitong International, Stifel, China Renaissance and KeyBanc Capital Markets were co-managers.

Lufax trades on the New York Stock Exchange (NYSE) under the ticker symbol "LU."

Lufax's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (1.11%), Ariose Capital Management Ltd (0.17%), Sumitomo Mitsui Trust Holdings Inc. (0.05%), Yong Rong HK Asset Management Ltd (0.02%), Renaissance Capital LLC (0.01%) and International Assets Investment Management LLC (0.01%).

Shares of LU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LU stock can currently be purchased for approximately $3.29.

Lufax (NYSE:LU) has a market capitalization of $7.52 billion and generates $53.95 billion in revenue each year. The company earns $2.60 billion in net income (profit) each year or $0.79 on an earnings per share basis.

The company employs 92,380 workers across the globe.

Lufax's mailing address is NO. 1333 LUJIAZUI RING ROAD 15/F v, SHANGHAI F4, 200120. The official website for the company is www.lu.com. The company can be reached via phone at 86-21-3863-2121 or via email at investor_relations@lu.com.