Lufax Holding Ltd (NYSE:LU) Receives Consensus Rating of “Hold” from Analysts

Lufax Holding Ltd (NYSE:LU) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $6.91.

A number of equities analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Lufax from $3.00 to $4.80 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Bank of America lowered shares of Lufax from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th.

Lufax Trading Up 1.7 %

Lufax stock opened at $4.16 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.59 and a current ratio of 1.68. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 18.09 and a beta of 0.88. Lufax has a 1 year low of $2.11 and a 1 year high of $8.32. The firm’s 50 day moving average price is $3.37 and its two-hundred day moving average price is $3.36.

Lufax (NYSE:LU) last posted its quarterly earnings results on Thursday, March 21st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.18). The business had revenue of $965.76 million during the quarter, compared to analyst estimates of $1.06 billion. Lufax had a return on equity of 0.94% and a net margin of 2.59%. On average, research analysts predict that Lufax will post 0.3 EPS for the current fiscal year.

Lufax Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Tuesday, June 4th will be issued a dividend of $0.156 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a dividend yield of 5.8%. Lufax’s dividend payout ratio is currently 108.70%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Lufax by 2.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 111,871 shares of the company’s stock valued at $623,000 after purchasing an additional 2,871 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Lufax by 6.7% during the 4th quarter. Principal Financial Group Inc. now owns 70,798 shares of the company’s stock valued at $137,000 after purchasing an additional 4,455 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Lufax by 1,344.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock valued at $31,000 after purchasing an additional 5,299 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Lufax by 2.9% during the 3rd quarter. California State Teachers Retirement System now owns 197,928 shares of the company’s stock valued at $503,000 after purchasing an additional 5,628 shares in the last quarter. Finally, American International Group Inc. raised its holdings in shares of Lufax by 275.7% during the 2nd quarter. American International Group Inc. now owns 8,266 shares of the company’s stock valued at $50,000 after purchasing an additional 6,066 shares in the last quarter. Institutional investors own 69.14% of the company’s stock.

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.