Lufax Holding Ltd (NYSE:LU) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Lufax Holding Ltd (NYSE:LU) by 35.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,205,838 shares of the company’s stock after purchasing an additional 1,102,943 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.49% of Lufax worth $10,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EWA LLC bought a new stake in shares of Lufax in the 3rd quarter worth approximately $45,000. Soltis Investment Advisors LLC bought a new stake in shares of Lufax in the 3rd quarter worth approximately $52,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Lufax by 102.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company’s stock worth $40,000 after purchasing an additional 8,382 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Lufax by 24.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company’s stock worth $79,000 after purchasing an additional 6,422 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Lufax in the 3rd quarter worth approximately $143,000. 69.14% of the stock is currently owned by institutional investors.

Lufax Price Performance

NYSE LU opened at $3.00 on Friday. Lufax Holding Ltd has a 12 month low of $2.00 and a 12 month high of $4.94. The company’s 50 day simple moving average is $2.79 and its 200 day simple moving average is $2.70. The company has a market capitalization of $2.60 billion, a P/E ratio of -3.89 and a beta of 0.77.

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.