Lufax Holding Ltd (NYSE:LU) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Lufax Holding Ltd (NYSE:LU) by 102.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,600 shares of the company’s stock after purchasing an additional 8,382 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Lufax were worth $40,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LU. SG Americas Securities LLC acquired a new position in Lufax during the 3rd quarter worth approximately $66,000. Polunin Capital Partners Ltd purchased a new stake in shares of Lufax during the 3rd quarter worth approximately $313,000. Baillie Gifford & Co. lifted its position in shares of Lufax by 4.3% during the 3rd quarter. Baillie Gifford & Co. now owns 14,617,105 shares of the company’s stock worth $51,014,000 after buying an additional 605,134 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Lufax by 43.2% during the 3rd 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, Daiwa Securities Group Inc. lifted its position in shares of Lufax by 14.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 73,275 shares of the company’s stock worth $256,000 after buying an additional 9,400 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Lufax Stock Performance

Shares of LU opened at $2.89 on Friday. The stock has a market capitalization of $2.50 billion, a P/E ratio of -3.75 and a beta of 0.84. The company’s fifty day moving average is $2.50 and its two-hundred day moving average is $2.62. Lufax Holding Ltd has a 1 year low of $2.00 and a 1 year high of $4.94.

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.