Arrowstreet Capital Limited Partnership bought a new position in shares of Lufax Holding Ltd (NYSE:LU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 154,579 shares of the company's stock, valued at approximately $369,000.
Other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. grew its stake in Lufax by 24.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company's stock worth $79,000 after purchasing an additional 6,422 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Lufax by 43.6% in the 4th quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock worth $51,000 after acquiring an additional 6,445 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Lufax by 11.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,847 shares of the company's stock valued at $152,000 after acquiring an additional 6,519 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Lufax by 102.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock valued at $40,000 after acquiring an additional 8,382 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Lufax by 14.8% during the third quarter. Franklin Resources Inc. now owns 65,584 shares of the company's stock worth $226,000 after purchasing an additional 8,446 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.
Lufax Stock Down 3.1 %
LU stock traded down $0.08 during trading on Friday, hitting $2.36. 4,723,497 shares of the company's stock traded hands, compared to its average volume of 3,550,622. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -3.06 and a beta of 0.71. Lufax Holding Ltd has a 52 week low of $2.00 and a 52 week high of $4.94. The stock has a fifty day moving average price of $2.88 and a two-hundred day moving average price of $2.74.
About Lufax
(
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.
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