Jupiter Asset Management Ltd. Takes Position in Lufax Holding Ltd (NYSE:LU)

Jupiter Asset Management Ltd. acquired a new stake in shares of Lufax Holding Ltd (NYSE:LU) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 564,900 shares of the company’s stock, valued at approximately $8,197,000.

Several other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. purchased a new stake in Lufax during the 4th quarter valued at about $242,010,000. BlackRock Inc. purchased a new stake in Lufax during the 4th quarter valued at about $110,896,000. The Manufacturers Life Insurance Company purchased a new stake in Lufax during the 4th quarter valued at about $91,431,000. Krane Funds Advisors LLC purchased a new stake in Lufax during the 4th quarter valued at about $86,342,000. Finally, Bamco Inc. NY purchased a new stake in Lufax during the 4th quarter valued at about $64,237,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Several brokerages recently weighed in on LU. JPMorgan Chase & Co. upgraded Lufax from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $16.00 to $15.00 in a report on Friday, May 14th. Macquarie assumed coverage on Lufax in a report on Thursday, May 13th. They issued an “outperform” rating and a $16.00 price objective for the company. Rowe assumed coverage on Lufax in a report on Monday, March 8th. They issued a “buy” rating and a $22.04 price objective for the company. Citigroup assumed coverage on Lufax in a report on Monday, March 8th. They issued a “buy” rating and a $22.04 price objective for the company. Finally, Zacks Investment Research cut Lufax from a “buy” rating to a “hold” rating in a report on Wednesday, April 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Lufax has a consensus rating of “Buy” and an average price target of $17.33.

Shares of NYSE:LU opened at $12.05 on Friday. Lufax Holding Ltd has a 52-week low of $9.85 and a 52-week high of $20.17. The company has a market cap of $29.70 billion and a price-to-earnings ratio of 12.68. The stock has a 50 day moving average price of $12.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.61 and a quick ratio of 1.61.

Lufax (NYSE:LU) last announced its earnings results on Sunday, April 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. On average, analysts forecast that Lufax Holding Ltd will post 1.05 earnings per share for the current fiscal year.

Lufax Company Profile

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company 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.

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Institutional Ownership by Quarter for Lufax (NYSE:LU)

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