Sequoia Financial Advisors LLC Takes Position in Lufax Holding Ltd (NYSE:LU)

Sequoia Financial Advisors LLC acquired a new stake in Lufax Holding Ltd (NYSE:LU) during the 1st quarter, Holdings Channel.com reports. The fund acquired 14,311 shares of the company’s stock, valued at approximately $60,000.

A number of other hedge funds have also recently added to or reduced their stakes in LU. Nomura Holdings Inc. boosted its holdings in Lufax by 2,280.1% during the fourth quarter. Nomura Holdings Inc. now owns 883,009 shares of the company’s stock worth $2,711,000 after buying an additional 845,909 shares in the last quarter. Citigroup Inc. raised its position in Lufax by 207.8% during the third quarter. Citigroup Inc. now owns 567,150 shares of the company’s stock worth $601,000 after acquiring an additional 382,884 shares during the period. AI Squared Management Ltd acquired a new position in Lufax during the fourth quarter worth $1,026,000. Wellington Management Group LLP raised its position in Lufax by 5.4% during the third quarter. Wellington Management Group LLP now owns 4,481,980 shares of the company’s stock worth $4,751,000 after acquiring an additional 230,191 shares during the period. Finally, Virtu Financial LLC raised its position in Lufax by 938.0% during the fourth quarter. Virtu Financial LLC now owns 189,121 shares of the company’s stock worth $581,000 after acquiring an additional 170,902 shares during the period. 69.14% of the stock is owned by hedge funds and other institutional investors.

Lufax Stock Performance

NYSE:LU opened at $2.87 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.70 and a current ratio of 1.70. The company has a fifty day moving average of $3.38 and a two-hundred day moving average of $3.27. The stock has a market capitalization of $1.65 billion, a PE ratio of -20.50, a P/E/G ratio of 0.35 and a beta of 0.84. Lufax Holding Ltd has a fifty-two week low of $2.00 and a fifty-two week high of $7.64.

Lufax (NYSE:LU) last posted its quarterly earnings data on Monday, April 22nd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.28). The company had revenue of $964.47 million for the quarter. Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. As a group, research analysts forecast that Lufax Holding Ltd will post 0.21 earnings per share for the current fiscal year.

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.