Lufax (LU) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lufax in the last year. There are currently 2 sell ratings, 4 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.

9 Wall Street research analysts have issued 1 year price targets for Lufax's shares. Their LU share price forecasts range from $1.40 to $6.40. On average, they anticipate the company's share price to reach $2.51 in the next year. This suggests a possible upside of 76.6% from the stock's current price.
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 start of the year. Since then, LU stock has decreased by 26.8% and is now trading at $1.42.
View the best growth stocks for 2023 here.

Lufax saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 26,670,000 shares, an increase of 35.0% from the April 30th total of 19,760,000 shares. Based on an average daily trading volume, of 10,500,000 shares, the days-to-cover ratio is currently 2.5 days.
View Lufax's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our LU earnings forecast.

Lufax Holding Ltd (NYSE:LU) issued its quarterly earnings results on Sunday, March, 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.67 billion. Lufax had a trailing twelve-month return on equity of 4.33% and a net margin of 8.18%.

Lufax announced a semi-annual dividend on Tuesday, March 14th. Investors of record on Friday, April 7th will be paid a dividend of $0.05 per share on Friday, April 21st. This represents a dividend yield of 9.9%. The ex-dividend date is Wednesday, April 5th.
Read our dividend analysis for LU.

ETFs with the largest weight of Lufax (NYSE:LU) stock in their portfolio include First Trust S-Network Global E-Commerce ETF (ISHP), Global X FinTech Thematic ETF (FINX), Amplify Emerging Markets FinTech ETF (EMFQ), Invesco Golden Dragon China ETF (PGJ), KraneShares CSI China Internet ETF (KWEB), Global X SuperDividend ETF (SDIV), Principal Millennial Global Growth ETF (GENY) and iShares MSCI China Multisector Tech ETF (TCHI).

Lufax (NYSE:LU) pays an annual dividend of $0.09 per share and currently has a dividend yield of 6.62%. LU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 36.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LU will have a dividend payout ratio of 20.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LU.

(LU) raised $2.2 billion in an 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.

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

Lufax's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Farallon Capital Management LLC (1.67%), BlackRock Inc. (1.52%), Krane Funds Advisors LLC (1.32%), Baillie Gifford & Co. (1.10%), State Street Corp (0.56%) and Robeco Institutional Asset Management B.V. (0.55%).

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.

One share of LU stock can currently be purchased for approximately $1.42.

Lufax (NYSE:LU) has a market capitalization of $3.25 billion and generates $8.43 billion in revenue each year. The company earns $1.29 billion in net income (profit) each year or $0.25 on an earnings per share basis.

The company employs 71,034 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 86-21-3863-6278 or via email at investor_relations@lu.com.