Lufax Holding Ltd (NYSE:LU - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $2.53, but opened at $2.62. Lufax shares last traded at $2.61, with a volume of 737,542 shares traded.
Analyst Ratings Changes
Separately, Jefferies Financial Group restated a "hold" rating and issued a $3.20 price objective on shares of Lufax in a research report on Thursday, October 24th.
Read Our Latest Stock Report on Lufax
Lufax Stock Up 5.3 %
The firm has a market capitalization of $2.50 billion, a PE ratio of -3.75 and a beta of 0.84. The firm's 50-day simple moving average is $2.50 and its 200-day simple moving average is $2.62.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. boosted its holdings in Lufax by 9.2% in the fourth quarter. Franklin Resources Inc. now owns 71,597 shares of the company's stock worth $171,000 after acquiring an additional 6,013 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Lufax by 24.5% during 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 lifted its position in shares of Lufax by 43.6% in the fourth quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock valued at $51,000 after acquiring an additional 6,445 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Lufax by 11.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,847 shares of the company's stock worth $152,000 after acquiring an additional 6,519 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Lufax by 102.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock worth $40,000 after acquiring an additional 8,382 shares during the last quarter. Institutional investors own 69.14% of the company's stock.
Lufax Company Profile
(
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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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