New York State Common Retirement Fund Trims Stake in Lufax Holding Ltd (NYSE:LU)

New York State Common Retirement Fund lessened its stake in shares of Lufax Holding Ltd (NYSE:LU) by 41.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 126,120 shares of the company’s stock after selling 88,511 shares during the period. New York State Common Retirement Fund’s holdings in Lufax were worth $301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 acquiring an additional 936,048 shares during the period. Baillie Gifford & Co. boosted its stake in Lufax by 4.3% during the third 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 last quarter. Public Employees Retirement System of Ohio bought a new stake in Lufax in the third quarter worth $1,479,000. State Street Corp raised its position in shares of Lufax by 3.2% during the 3rd quarter. State Street Corp now owns 4,960,609 shares of the company’s stock valued at $17,313,000 after buying an additional 155,006 shares in the last quarter. Finally, Polymer Capital Management HK LTD bought a new stake in shares of Lufax in the 3rd quarter valued at approximately $349,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

Lufax Stock Up 3.0 %

LU stock opened at $2.97 on Wednesday. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -3.85 and a beta of 0.84. Lufax Holding Ltd has a twelve month low of $2.00 and a twelve month high of $4.94. The firm’s fifty day simple moving average is $2.60 and its two-hundred day simple moving average is $2.63.

About Lufax

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.