Grantham Mayo Van Otterloo & Co. LLC reduced its position in Lufax Holding Ltd (NYSE:LU - Free Report) by 87.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,662 shares of the company's stock after selling 191,486 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Lufax were worth $69,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in Lufax during the fourth quarter valued at $133,000. Franklin Resources Inc. raised its holdings in shares of Lufax by 9.2% in the 4th quarter. Franklin Resources Inc. now owns 71,597 shares of the company's stock valued at $171,000 after purchasing an additional 6,013 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Lufax during the fourth quarter worth $380,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Lufax during the 4th quarter worth $369,000. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Lufax by 230.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company's stock valued at $41,000 after buying an additional 12,048 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.
Lufax Price Performance
NYSE LU traded up $0.11 on Tuesday, hitting $2.58. The stock had a trading volume of 3,487,527 shares, compared to its average volume of 3,519,628. The business's fifty day moving average price is $2.89 and its 200 day moving average price is $2.75. Lufax Holding Ltd has a 52-week low of $2.00 and a 52-week high of $4.94. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -3.34 and a beta of 0.71.
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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