Norges Bank Purchases New Position in Lufax Holding Ltd (NYSE:LU)

Norges Bank bought a new position in Lufax Holding Ltd (NYSE:LU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,766,041 shares of the company's stock, valued at approximately $4,221,000. Norges Bank owned about 0.20% of Lufax as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Lufax in the fourth quarter worth about $5,436,000. Charles Schwab Investment Management Inc. increased its stake in shares of Lufax by 35.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,205,838 shares of the company's stock worth $10,052,000 after purchasing an additional 1,102,943 shares during the last quarter. Catalyst Funds Management Pty Ltd raised its holdings in shares of Lufax by 999.0% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 888,000 shares of the company's stock worth $2,122,000 after purchasing an additional 807,200 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Lufax in the third quarter valued at approximately $1,479,000. Finally, Leading Securities Co Ltd purchased a new position in Lufax in the fourth quarter valued at approximately $458,000. 69.14% of the stock is owned by institutional investors.

Lufax Stock Performance

NYSE:LU traded up $0.10 during trading hours on Tuesday, reaching $2.57. The stock had a trading volume of 1,876,648 shares, compared to its average volume of 3,712,886. The stock has a market cap of $2.22 billion, a P/E ratio of -3.33 and a beta of 0.71. The stock has a 50 day simple moving average of $2.89 and a 200 day simple moving average of $2.75. Lufax Holding Ltd has a 12-month low of $2.00 and a 12-month high of $4.94.

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.