Allianz Asset Management GmbH Has $4.33 Million Stock Position in Lufax Holding Ltd. Sponsored ADR $LU

Allianz Asset Management GmbH lowered its stake in shares of Lufax Holding Ltd. Sponsored ADR (NYSE:LU) by 12.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,553,432 shares of the company’s stock after selling 211,038 shares during the period. Allianz Asset Management GmbH’s holdings in Lufax were worth $4,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Lufax by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,969 shares of the company’s stock valued at $211,000 after purchasing an additional 7,122 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Lufax by 44.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,017 shares of the company’s stock valued at $71,000 after purchasing an additional 7,417 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Lufax by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,343,505 shares of the company’s stock valued at $3,990,000 after purchasing an additional 8,236 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Lufax during the second quarter valued at about $28,000. Finally, Aberdeen Group plc raised its holdings in shares of Lufax by 54.4% during the second quarter. Aberdeen Group plc now owns 79,947 shares of the company’s stock valued at $223,000 after purchasing an additional 28,166 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

Lufax Price Performance

LU opened at $3.21 on Friday. Lufax Holding Ltd. Sponsored ADR has a fifty-two week low of $2.22 and a fifty-two week high of $4.57. The firm has a market capitalization of $2.78 billion, a PE ratio of -4.16 and a beta of 0.76. The company’s 50-day moving average is $3.32 and its 200 day moving average is $2.99.

Analyst Ratings Changes

Several brokerages have recently weighed in on LU. Wall Street Zen upgraded shares of Lufax from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings restated a “sell (d)” rating on shares of Lufax in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Lufax 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.