Lufax Holding Ltd (NYSE:LU) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Lufax Holding Ltd (NYSE:LU) by 35.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,616 shares of the company’s stock after purchasing an additional 32,536 shares during the period. Geode Capital Management LLC’s holdings in Lufax were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Lufax by 43.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,102,895 shares of the company’s stock valued at $10,829,000 after buying an additional 936,048 shares during the last quarter. Caxton Associates LP acquired a new stake in Lufax in the 2nd quarter valued at approximately $2,152,000. Baillie Gifford & Co. raised its stake in Lufax by 4.3% during the 3rd quarter. Baillie Gifford & Co. now owns 14,617,105 shares of the company’s stock valued at $51,014,000 after acquiring an additional 605,134 shares in the last quarter. AQR Capital Management LLC acquired a new position in Lufax during the 2nd quarter worth $1,114,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Lufax in the third quarter worth $1,479,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

Lufax Price Performance

Lufax stock opened at $2.37 on Monday. Lufax Holding Ltd has a 12-month low of $2.00 and a 12-month high of $4.94. The stock has a market capitalization of $2.05 billion, a PE ratio of -3.08 and a beta of 0.84. The firm has a 50 day simple moving average of $2.47 and a 200-day simple moving average of $2.66.

Lufax (NYSE:LU) last issued its quarterly earnings results on Monday, October 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $789.93 million for the quarter. During the same period in the prior year, the firm posted $0.04 earnings per share. On average, analysts forecast that Lufax Holding Ltd will post -0.48 earnings per share for the current fiscal 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.