Legal & General Group Plc lowered its stake in Lufax Holding Ltd (NYSE:LU - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 624,730 shares of the company's stock after selling 168,907 shares during the period. Legal & General Group Plc owned 0.07% of Lufax worth $1,493,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the stock. Franklin Resources Inc. lifted its stake in Lufax by 9.2% in the fourth quarter. Franklin Resources Inc. now owns 71,597 shares of the company's stock valued at $171,000 after buying an additional 6,013 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Lufax by 24.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company's stock valued at $79,000 after acquiring an additional 6,422 shares during the period. Corient Private Wealth LLC boosted its stake in Lufax by 43.6% during 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Lufax by 11.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,847 shares of the company's stock valued at $152,000 after purchasing an additional 6,519 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Lufax by 102.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock valued at $40,000 after purchasing an additional 8,382 shares in the last quarter. Institutional investors own 69.14% of the company's stock.
Lufax Price Performance
Shares of NYSE LU traded down $0.17 during midday trading on Monday, reaching $2.95. 4,332,917 shares of the stock were exchanged, compared to its average volume of 3,583,922. Lufax Holding Ltd has a 12 month low of $2.00 and a 12 month high of $4.83. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of -3.83 and a beta of 0.71. The business has a 50-day simple moving average of $2.87 and a two-hundred day simple moving average of $2.68.
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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