Charles Schwab Investment Management Inc. Acquires 1,102,943 Shares of Lufax Holding Ltd (NYSE:LU)

Charles Schwab Investment Management Inc. grew its position in Lufax Holding Ltd (NYSE:LU - Free Report) by 35.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,205,838 shares of the company's stock after acquiring an additional 1,102,943 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.49% of Lufax worth $10,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Lufax by 27.5% during the third quarter. JPMorgan Chase & Co. now owns 63,235 shares of the company's stock worth $221,000 after acquiring an additional 13,630 shares during the last quarter. State Street Corp increased 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 valued at $17,313,000 after purchasing an additional 155,006 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Lufax in the third quarter worth $1,479,000. Geode Capital Management LLC boosted its stake in Lufax by 35.7% during the third quarter. Geode Capital Management LLC now owns 123,616 shares of the company's stock worth $431,000 after buying an additional 32,536 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Lufax by 14.8% in the third quarter. Franklin Resources Inc. now owns 65,584 shares of the company's stock valued at $226,000 after acquiring an additional 8,446 shares during the period. 69.14% of the stock is owned by hedge funds and other institutional investors.

Lufax Trading Down 0.8 %

Shares of LU stock traded down $0.03 during trading hours on Wednesday, reaching $3.05. 3,879,787 shares of the stock were exchanged, compared to its average volume of 3,458,946. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of -3.95 and a beta of 0.77. Lufax Holding Ltd has a 12-month low of $2.00 and a 12-month high of $4.94. The company's 50-day moving average price is $2.82 and its 200-day moving average price is $2.71.

Lufax Profile

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.