State Street Corp Acquires 155,006 Shares of Lufax Holding Ltd (NYSE:LU)

State Street Corp lifted its holdings in Lufax Holding Ltd (NYSE:LU) by 3.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,960,609 shares of the company’s stock after purchasing an additional 155,006 shares during the period. State Street Corp owned about 0.57% of Lufax worth $17,313,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Caxton Associates LP acquired a new position in Lufax during the second quarter valued at $2,152,000. Maven Securities LTD raised its stake in shares of Lufax by 350.0% during the 2nd quarter. Maven Securities LTD now owns 180,000 shares of the company’s stock valued at $427,000 after buying an additional 140,000 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Lufax by 4.3% in the 3rd quarter. Baillie Gifford & Co. now owns 14,617,105 shares of the company’s stock valued at $51,014,000 after buying an additional 605,134 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Lufax by 43.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,102,895 shares of the company’s stock worth $10,829,000 after buying an additional 936,048 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Lufax during the second quarter worth about $1,114,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a $3.20 price objective on shares of Lufax in a research note on Thursday, October 24th.

Lufax Stock Performance

Lufax stock opened at $2.39 on Wednesday. The stock has a market capitalization of $2.07 billion, a P/E ratio of -3.10 and a beta of 0.85. The company’s fifty day moving average price is $2.61 and its 200 day moving average price is $2.65. Lufax Holding Ltd has a 1 year low of $2.00 and a 1 year high of $4.94.

Lufax (NYSE:LU) last announced its earnings results on Monday, October 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.15). Lufax had a negative net margin of 12.75% and a negative return on equity of 3.63%. The company had revenue of $789.93 million during the quarter. During the same quarter last year, the business posted $0.04 EPS. Sell-side analysts predict that Lufax Holding Ltd will post -0.48 EPS 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.