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Lufax (LU) Stock Forecast, Price & News

$1.05
-0.01 (-0.94%)
(As of 01:10 PM ET)
Compare
Today's Range
$1.03
$1.07
50-Day Range
$1.05
$1.82
52-Week Range
$1.01
$3.32
Volume
1.78 million shs
Average Volume
11.52 million shs
Market Capitalization
$2.41 billion
P/E Ratio
8.08
Dividend Yield
8.57%
Price Target
$1.72

Lufax MarketRank™ Forecast

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
64.2% Upside
$1.72 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.64mentions of Lufax in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
47.06%
From $0.17 to $0.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.83 out of 5 stars

Finance Sector

184th out of 872 stocks

Nondepository Credit Institutions Industry

6th out of 46 stocks


LU stock logo

About Lufax (NYSE:LU) Stock

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. The company was founded in 2005 and is headquartered in Shanghai, China.

LU Price History

LU Stock News Headlines

Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Q2 2023 Lufax Holding Ltd Earnings Call
Why Lufax Holding Stock Dropped Today
Lufax Reports Second Quarter 2023 Financial Results
Earnings Outlook For Lufax Holding
Lufax (LU) Earnings Dates & Reports
Changes in Board Composition
Lufax Holding (LU) Receives a Buy from Bank of America Securities
LU Lufax Holding Ltd
10 Penny Stocks Billionaires Are Loading Up On
See More Headlines
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LU Company Calendar

Last Earnings
8/21/2023
Today
10/04/2023
Ex-Dividend for 10/30 Dividend
10/11/2023
Dividend Payable
10/30/2023
Next Earnings (Estimated)
11/22/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
71,034
Year Founded
2005

Price Target and Rating

Average Stock Price Forecast
$1.72
High Stock Price Forecast
$2.50
Low Stock Price Forecast
$1.00
Forecasted Upside/Downside
+66.5%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
7.81%

Debt

Sales & Book Value

Annual Sales
$8.43 billion
Cash Flow
$0.59 per share
Book Value
$6.16 per share

Miscellaneous

Outstanding Shares
2,292,490,000
Free Float
N/A
Market Cap
$2.37 billion
Optionable
Not Optionable
Beta
0.82
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Key Executives

  • Mr. Yong Suk Cho (Age 51)
    Co-CEO & Chairman
    Comp: $1.4M
  • Mr. Gregory Dean Gibb (Age 56)
    Co-CEO & Director
    Comp: $986.85k
  • Mr. Siu Kam Choy (Age 48)
    Chief Financial Officer
  • Mr. Jinliang Mao (Age 57)
    Chief Technology Officer
  • Ms. Zhuang Yan
    Chief HR Officer
  • Mr. Yu Chen
    Head of Board Office & Capital Markets
  • Ms. Younjeong Lim (Age 51)
    Chief Risk Officer
  • Ms. Xinyan Liu
    Head of Board Office and Capital Markets













LU Stock - Frequently Asked Questions

Should I buy or sell Lufax stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lufax in the last year. There are currently 3 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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.

What is Lufax's stock price forecast for 2023?

11 equities research analysts have issued 1-year target prices for Lufax's shares. Their LU share price forecasts range from $1.00 to $2.50. On average, they expect the company's share price to reach $1.72 in the next twelve months. This suggests a possible upside of 66.5% from the stock's current price.
View analysts price targets for LU
or view top-rated stocks among Wall Street analysts.

How have LU shares performed in 2023?

Lufax's stock was trading at $1.94 at the start of the year. Since then, LU stock has decreased by 46.6% and is now trading at $1.0350.
View the best growth stocks for 2023 here
.

When is Lufax's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 22nd 2023.
View our LU earnings forecast
.

How were Lufax's earnings last quarter?

Lufax Holding Ltd (NYSE:LU) posted its earnings results on Monday, August, 21st. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.54 billion. Lufax had a net margin of 4.69% and a trailing twelve-month return on equity of 2.20%.

How often does Lufax pay dividends? What is the dividend yield for Lufax?

Lufax announced a Semi-Annual dividend on Monday, August 21st. Shareholders of record on Thursday, October 12th will be paid a dividend of $0.039 per share on Monday, October 30th. This represents a dividend yield of 6.2%. The ex-dividend date is Wednesday, October 11th.
Read our dividend analysis for LU
.

Is Lufax a good dividend stock?

Lufax (NYSE:LU) pays an annual dividend of $0.09 per share and currently has a dividend yield of 8.68%. LU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 69.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LU will have a dividend payout ratio of 36.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LU.

When did Lufax IPO?

(LU) raised $2.2 billion in an initial public offering (IPO) on Friday, October 30th 2020. The company issued 175,000,000 shares at $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 acted as the underwriters for the IPO and J.P. Morgan, BOCI, Haitong International, Stifel, China Renaissance and KeyBanc Capital Markets were co-managers.

What is Lufax's stock symbol?

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

How do I buy shares of Lufax?

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.
Compare Top Brokerages Here.

What is Lufax's stock price today?

One share of LU stock can currently be purchased for approximately $1.04.

How much money does Lufax make?

Lufax (NYSE:LU) has a market capitalization of $2.37 billion and generates $8.43 billion in revenue each year. The company earns $1.29 billion in net income (profit) each year or $0.13 on an earnings per share basis.

How many employees does Lufax have?

The company employs 71,034 workers across the globe.

Does Lufax have any subsidiaries?
The following companies are subsidiares of Lufax: Chongqing Jin An Microloan Limited, Gem Alliance Limited, Gem Blazing Limited, Harmonious Splendor Limited, Hunan Ping An Puhui Microloan Co. Ltd., Jinjiong (Shenzhen) Technology Service Limited, Lufax Holding (Shenzhen) Technology Service Co. Ltd., Ping An Financing Guarantee (Tianjin) Co. Ltd., Ping An Puhui Enterprises Management Co. Ltd., Ping An Puhui Financing Guarantee Co. Ltd., Ping An Puhui Information Service Co. Ltd., Ping An Puhui Investment & Consulting Co. Ltd., Shenzhen Ping An Puhui Microloan Co. Ltd., Weikun (Shanghai) Technology Service Co. Ltd., and Wincon Hong Kong Investment Company Limited.
Read More
How can I contact Lufax?

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 86-21-3863-6278 or via email at investor_relations@lu.com.

This page (NYSE:LU) was last updated on 10/4/2023 by MarketBeat.com Staff

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