Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Holdings in Lufax Holding Ltd (NYSE:LU)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Lufax Holding Ltd (NYSE:LU) by 46.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,001 shares of the company’s stock after selling 74,365 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lufax were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bamco Inc. NY boosted its position in shares of Lufax by 22.1% during the 3rd quarter. Bamco Inc. NY now owns 18,416,696 shares of the company’s stock valued at $19,522,000 after acquiring an additional 3,330,411 shares during the last quarter. Yunqi Capital Ltd raised its stake in Lufax by 3.1% in the third quarter. Yunqi Capital Ltd now owns 15,359,070 shares of the company’s stock valued at $16,281,000 after purchasing an additional 463,547 shares in the last quarter. Wellington Management Group LLP lifted 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 valued at $4,751,000 after purchasing an additional 230,191 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Lufax by 16.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,326,193 shares of the company’s stock worth $4,586,000 after buying an additional 615,524 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Lufax by 25.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,242,221 shares of the company’s stock worth $4,497,000 after buying an additional 862,120 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.

Lufax Trading Up 1.3 %

Shares of LU opened at $4.70 on Monday. Lufax Holding Ltd has a fifty-two week low of $2.11 and a fifty-two week high of $7.64. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -33.57, a PEG ratio of 0.64 and a beta of 0.82. The firm has a 50 day moving average price of $3.85 and a 200-day moving average price of $3.37. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.70 and a current ratio of 1.70.

Lufax (NYSE:LU) last issued its earnings results on Thursday, March 21st. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.18). Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. The business had revenue of $965.76 million during the quarter, compared to analysts’ expectations of $1.06 billion. As a group, equities research analysts forecast that Lufax Holding Ltd will post 0.21 earnings per share for the current year.

Lufax Cuts Dividend

The business also recently announced a — dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Tuesday, June 4th will be paid a $0.156 dividend. This represents a dividend yield of 5.8%. The ex-dividend date is Tuesday, June 4th. Lufax’s dividend payout ratio (DPR) is presently -178.57%.

Analyst Upgrades and Downgrades

Separately, Bank of America downgraded shares of Lufax from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Lufax has an average rating of “Hold” and a consensus target price of $6.91.

Lufax Company Profile

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. The company offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions.