Asset Management One Co. Ltd. Grows Stock Holdings in Lufax Holding Ltd (NYSE:LU)

Asset Management One Co. Ltd. increased its stake in shares of Lufax Holding Ltd (NYSE:LU) by 24.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,677 shares of the company’s stock after buying an additional 6,422 shares during the period. Asset Management One Co. Ltd.’s holdings in Lufax were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LU. SG Americas Securities LLC purchased a new stake in Lufax during the third quarter worth about $66,000. Polunin Capital Partners Ltd acquired a new position in Lufax during the third quarter worth about $313,000. Baillie Gifford & Co. raised its position in Lufax by 4.3% during the third quarter. Baillie Gifford & Co. now owns 14,617,105 shares of the company’s stock worth $51,014,000 after acquiring an additional 605,134 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Lufax by 43.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,102,895 shares of the company’s stock worth $10,829,000 after acquiring an additional 936,048 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Lufax by 14.7% during the third quarter. Daiwa Securities Group Inc. now owns 73,275 shares of the company’s stock worth $256,000 after acquiring an additional 9,400 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Lufax Trading Up 5.3 %

Shares of LU opened at $3.10 on Friday. The stock has a market cap of $2.68 billion, a P/E ratio of -4.02 and a beta of 0.84. The company has a 50-day moving average of $2.52 and a two-hundred day moving average of $2.63. Lufax Holding Ltd has a 12-month low of $2.00 and a 12-month high of $4.94.

Lufax 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.