AQR Capital Management LLC Takes Position in Lufax Holding Ltd (NYSE:LU)

AQR Capital Management LLC bought a new position in shares of Lufax Holding Ltd (NYSE:LU) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 470,023 shares of the company’s stock, valued at approximately $1,114,000. AQR Capital Management LLC owned approximately 0.08% of Lufax as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of LU. Baillie Gifford & Co. increased its stake in Lufax by 98.9% in the 1st quarter. Baillie Gifford & Co. now owns 12,089,786 shares of the company’s stock valued at $51,019,000 after buying an additional 6,012,562 shares during the period. Acadian Asset Management LLC grew its stake in shares of Lufax by 5,000.2% in the 1st quarter. Acadian Asset Management LLC now owns 3,036,225 shares of the company’s stock valued at $12,798,000 after purchasing an additional 2,976,693 shares during the period. Yunqi Capital Ltd raised its stake in Lufax by 39.4% during the first quarter. Yunqi Capital Ltd now owns 7,092,640 shares of the company’s stock worth $29,931,000 after acquiring an additional 2,002,873 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of Lufax during the 2nd quarter worth about $2,152,000. Finally, Nomura Holdings Inc. raised its stake in shares of Lufax by 2,280.1% in the fourth quarter. Nomura Holdings Inc. now owns 883,009 shares of the company’s stock valued at $2,711,000 after acquiring an additional 845,909 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Bank of America decreased their price objective on shares of Lufax from $5.22 to $2.75 and set a “neutral” rating on the stock in a report on Friday, August 23rd.

Lufax Trading Down 0.7 %

LU opened at $3.38 on Friday. Lufax Holding Ltd has a fifty-two week low of $2.00 and a fifty-two week high of $4.94. The firm has a 50 day simple moving average of $2.71 and a 200 day simple moving average of $3.26. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market cap of $2.92 billion, a price-to-earnings ratio of -5.92 and a beta of 0.85.

Lufax (NYSE:LU) last posted its earnings results on Wednesday, August 21st. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.26). Lufax had a negative return on equity of 2.66% and a negative net margin of 8.70%. The firm had revenue of $822.36 million during the quarter. During the same quarter in the previous year, the business posted $0.24 EPS. On average, sell-side analysts anticipate that Lufax Holding Ltd will post -0.09 earnings per share for the current year.

Lufax Company 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.