Lufax (NYSE:LU) Stock Price Up 4.9%

Lufax Holding Ltd (NYSE:LU)’s stock price rose 4.9% during mid-day trading on Tuesday . The company traded as high as $2.59 and last traded at $2.56. Approximately 775,857 shares traded hands during trading, a decline of 83% from the average daily volume of 4,616,840 shares. The stock had previously closed at $2.44.

Lufax Stock Up 3.3 %

The stock has a 50-day moving average of $3.55 and a 200-day moving average of $3.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.70 and a current ratio of 1.70.

Lufax (NYSE:LU) last announced its earnings results on Monday, April 22nd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.28). The business had revenue of $964.47 million for the quarter. Lufax had a negative net margin of 2.17% and a negative return on equity of 0.72%. Equities analysts expect that Lufax Holding Ltd will post 0.21 EPS for the current fiscal year.

Institutional Trading of Lufax

Hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Lufax by 25.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,242,221 shares of the company’s stock worth $4,497,000 after buying an additional 862,120 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Lufax by 663.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 125,846 shares of the company’s stock worth $133,000 after buying an additional 109,362 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Lufax by 5.4% in the 3rd quarter. Wellington Management Group LLP now owns 4,481,980 shares of the company’s stock worth $4,751,000 after buying an additional 230,191 shares in the last quarter. Citigroup Inc. raised its stake in shares of Lufax by 207.8% in the 3rd quarter. Citigroup Inc. now owns 567,150 shares of the company’s stock worth $601,000 after buying an additional 382,884 shares in the last quarter. Finally, AI Squared Management Ltd bought a new stake in shares of Lufax in the 4th quarter worth $1,026,000. Institutional investors own 69.14% of the company’s stock.

About Lufax

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.