Catalyst Funds Management Pty Ltd boosted its position in Lufax Holding Ltd (NYSE:LU - Free Report) by 999.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 888,000 shares of the company's stock after purchasing an additional 807,200 shares during the quarter. Catalyst Funds Management Pty Ltd owned approximately 0.10% of Lufax worth $2,122,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Lufax by 35.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,205,838 shares of the company's stock worth $10,052,000 after buying an additional 1,102,943 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Lufax during the 3rd quarter worth approximately $1,479,000. State Street Corp boosted its position in shares of Lufax by 3.2% during the 3rd quarter. State Street Corp now owns 4,960,609 shares of the company's stock worth $17,313,000 after purchasing an additional 155,006 shares during the period. Polymer Capital Management HK LTD purchased a new position in shares of Lufax during the 3rd quarter worth approximately $349,000. Finally, Walleye Capital LLC purchased a new position in shares of Lufax during the 3rd quarter worth approximately $182,000. Hedge funds and other institutional investors own 69.14% of the company's stock.
Lufax Price Performance
Shares of LU traded down $0.03 during midday trading on Wednesday, reaching $3.19. The stock had a trading volume of 4,819,430 shares, compared to its average volume of 3,731,870. Lufax Holding Ltd has a 1-year low of $2.00 and a 1-year high of $4.94. The company's fifty day simple moving average is $2.75 and its two-hundred day simple moving average is $2.69. The company has a market cap of $2.76 billion, a price-to-earnings ratio of -4.14 and a beta of 0.77.
Lufax Profile
(
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.
Featured Stories
Before you consider Lufax, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lufax wasn't on the list.
While Lufax currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
