UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 39,545 Shares of Lufax Holding Ltd (NYSE:LU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Lufax Holding Ltd (NYSE:LU) by 15.0% during the third quarter, Holdings Channel reports. The fund owned 223,580 shares of the company’s stock after selling 39,545 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Lufax were worth $780,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of LU. Daiwa Securities Group Inc. increased 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 valued at $256,000 after purchasing an additional 9,400 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in Lufax during the second quarter valued at approximately $26,000. SG Americas Securities LLC bought a new position in Lufax in the third quarter worth approximately $66,000. SIH Partners LLLP purchased a new position in shares of Lufax during the 2nd quarter worth $65,000. Finally, Quantbot Technologies LP bought a new stake in shares of Lufax during the 3rd quarter valued at $143,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

Lufax Price Performance

Shares of LU stock opened at $2.41 on Friday. Lufax Holding Ltd has a one year low of $2.00 and a one year high of $4.94. The company’s fifty day moving average price is $2.65 and its 200-day moving average price is $2.65. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -3.13 and a beta of 0.85.

Lufax (NYSE:LU) last posted its quarterly earnings results on Monday, October 21st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). The business had revenue of $789.93 million for the quarter. Lufax had a negative net margin of 12.75% and a negative return on equity of 3.63%. During the same quarter in the previous year, the company posted $0.04 earnings per share. Equities research analysts expect that Lufax Holding Ltd will post -0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LU has been the topic of a number of recent research reports. Bank of America decreased their target price on Lufax from $5.22 to $2.75 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $3.20 price objective on shares of Lufax in a research report on Thursday, October 24th.

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.