New York State Common Retirement Fund lowered its stake in Lufax Holding Ltd (NYSE:LU - Free Report) by 41.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,120 shares of the company's stock after selling 88,511 shares during the quarter. New York State Common Retirement Fund's holdings in Lufax were worth $301,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 buying an additional 8,382 shares during the period. EWA LLC acquired a new stake in Lufax during the 3rd quarter valued at approximately $45,000. Soltis Investment Advisors LLC acquired a new stake in Lufax during the 3rd quarter valued at approximately $52,000. Asset Management One Co. Ltd. grew its position 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 worth $79,000 after buying an additional 6,422 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Lufax during the 3rd quarter worth approximately $143,000. Institutional investors own 69.14% of the company's stock.
Lufax Stock Performance
Shares of LU stock traded down $0.08 during trading hours on Friday, hitting $3.17. 2,734,265 shares of the company were exchanged, compared to its average volume of 3,433,570. The firm has a market cap of $2.74 billion, a P/E ratio of -4.11 and a beta of 0.77. Lufax Holding Ltd has a fifty-two week low of $2.00 and a fifty-two week high of $4.94. The company has a 50 day simple moving average of $2.63 and a two-hundred day simple moving average of $2.64.
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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