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NYSE:LU

Lufax (LU) Stock Price, News & Analysis

$3.02
-0.03 (-0.98%)
(As of 02/28/2024 ET)
Today's Range
$2.96
$3.09
50-Day Range
$2.16
$3.07
52-Week Range
$2.11
$9.80
Volume
4.92 million shs
Average Volume
3.72 million shs
Market Capitalization
$1.73 billion
P/E Ratio
12.58
Dividend Yield
8.28%
Price Target
$6.95

Lufax MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
130.2% Upside
$6.95 Price Target
Short Interest
Healthy
2.43% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.58mentions of Lufax in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
41.86%
From $0.43 to $0.61 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.96 out of 5 stars

Finance Sector

311th out of 848 stocks

Nondepository Credit Institutions Industry

6th out of 45 stocks


LU stock logo

About Lufax Stock (NYSE:LU)

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 Stock Price History

LU Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Lufax (NYSE:LU) Shares Gap Up to $2.44
LU Mar 2024 4.000 put
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Lufax Holding Ltd 06623
Lufax: Lower Funding Cost To Drive Loan Growth
Lufax: Peer Comparison Offers Mixed Read-Throughs
Lufax just downgraded at BofA, here's why
Lufax Holding Ltd (LU)
See More Headlines
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Company Calendar

Last Earnings
11/09/2021
Today
2/28/2024
Next Earnings (Estimated)
3/11/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$6.95
High Stock Price Target
$10.00
Low Stock Price Target
$4.00
Potential Upside/Downside
+128.7%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
4.33%

Debt

Sales & Book Value

Annual Sales
$8.43 billion
Cash Flow
$2.55 per share
Book Value
$24.65 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.74 billion
Optionable
Optionable
Beta
0.68
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Key Executives

  • Mr. Yong Suk Cho (Age 52)
    Co-CEO & Chairman of the Board
    Comp: $1.42M
  • Mr. Gregory Dean Gibb (Age 57)
    Co-CEO & Director
    Comp: $996.15k
  • Mr. Siu Kam Choy (Age 49)
    Chief Financial Officer
  • Mr. Jinliang Mao (Age 58)
    Chief Technology Officer
  • Ms. Zhuang Yan
    Chief Human Resources Officer
  • Mr. Yu Chen
    Head of Board Office & Capital Markets
  • Ms. Younjeong Lim (Age 52)
    Chief Risk Officer
  • Ms. Xinyan Liu
    Head of Board Office and Capital Markets














LU Stock Analysis - Frequently Asked Questions

Should I buy or sell Lufax stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lufax in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

8 brokers have issued 12 month price targets for Lufax's shares. Their LU share price targets range from $4.00 to $10.00. On average, they predict the company's stock price to reach $6.95 in the next year. This suggests a possible upside of 130.2% 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 2024?

Lufax's stock was trading at $3.07 at the start of the year. Since then, LU stock has decreased by 1.6% and is now trading at $3.02.
View the best growth stocks for 2024 here
.

Are investors shorting Lufax?

Lufax saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 11,410,000 shares, an increase of 22.4% from the January 15th total of 9,320,000 shares. Based on an average daily trading volume, of 6,940,000 shares, the short-interest ratio is currently 1.6 days. Currently, 2.0% of the shares of the company are sold short.
View Lufax's Short Interest
.

When is Lufax's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 11th 2024.
View our LU earnings forecast
.

How were Lufax's earnings last quarter?

Lufax Holding Ltd (NYSE:LU) posted its quarterly earnings data on Tuesday, November, 9th. The company reported $1.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.24 by $5.20. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. Lufax had a trailing twelve-month return on equity of 0.93% and a net margin of 2.23%.

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

Lufax declared a Semi-Annual dividend on Monday, August 21st. Stockholders of record on Thursday, October 12th will be given a dividend of $0.156 per share on Monday, October 30th. This represents a dividend yield of 6.2%. The ex-dividend date is Wednesday, October 11th. This is a positive change from the stock's previous Semi-Annual dividend of $0.05.
Read our dividend analysis for LU
.

Is Lufax a good dividend stock?

Lufax (NYSE:LU) pays an annual dividend of $0.25 per share and currently has a dividend yield of 8.98%. LU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 104.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LU will have a dividend payout ratio of 40.98% 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's stock split?

Lufax shares reverse split on the morning of Monday, December 18th 2023. The 1-4 reverse split was announced on Monday, November 20th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Friday, December 15th 2023. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

When did Lufax IPO?

(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 acted as the underwriters for the IPO and J.P. Morgan, BOCI, Haitong International, Stifel, China Renaissance and KeyBanc Capital Markets were co-managers.

Who are Lufax's major shareholders?

Lufax's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (1.23%), Baillie Gifford & Co. (1.06%), Yunqi Capital Ltd (0.89%), Goldman Sachs Group Inc. (0.53%), Robeco Institutional Asset Management B.V. (0.48%) and Legal & General Group Plc (0.32%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:LU) was last updated on 2/28/2024 by MarketBeat.com Staff