Lufax (LU) Stock Forecast, Price & News

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.

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.

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

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%.

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.

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

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.

(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.

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

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 $1.04.

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.

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.