Lufax (NYSE:LU) Stock Price Up 3%

Shares of Lufax Holding Ltd (NYSE:LUGet Free Report) traded up 3% during trading on Wednesday . The stock traded as high as $4.45 and last traded at $4.43. 1,350,436 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 4,439,266 shares. The stock had previously closed at $4.30.

Lufax Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.70. The firm’s 50 day simple moving average is $4.40 and its 200-day simple moving average is $3.43.

Lufax (NYSE:LUGet Free Report) last announced its quarterly earnings data on Monday, April 22nd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.28). The firm had revenue of $964.47 million during the quarter. Lufax had a negative net margin of 2.17% and a negative return on equity of 0.72%. As a group, equities research analysts expect that Lufax Holding Ltd will post 0.21 EPS for the current year.

Lufax Cuts Dividend

The company also recently announced a — dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Tuesday, June 4th will be issued a $0.156 dividend. The ex-dividend date is Tuesday, June 4th. This represents a yield of 5.8%. Lufax’s dividend payout ratio (DPR) is -178.56%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LU. Bank of New York Mellon Corp lifted its holdings in shares of Lufax by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,808,642 shares of the company’s stock worth $1,917,000 after acquiring an additional 93,676 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Lufax by 56.8% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 532,847 shares of the company’s stock worth $565,000 after purchasing an additional 193,000 shares in the last quarter. abrdn plc increased its position in Lufax by 1.6% during the 3rd quarter. abrdn plc now owns 1,031,346 shares of the company’s stock worth $1,093,000 after purchasing an additional 15,824 shares in the last quarter. Barclays PLC increased its position in Lufax by 132.4% during the 3rd quarter. Barclays PLC now owns 2,312,367 shares of the company’s stock worth $2,450,000 after purchasing an additional 1,317,581 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Lufax by 25.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,242,221 shares of the company’s stock worth $4,497,000 after purchasing an additional 862,120 shares in the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Lufax Company Profile

(Get Free Report)

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.

Further Reading

Receive News & Ratings for Lufax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lufax and related companies with MarketBeat.com's FREE daily email newsletter.