Lufax (NYSE:LU) Stock Price Down 3.2%

Lufax Holding Ltd (NYSE:LU)’s share price dropped 3.2% during mid-day trading on Monday . The company traded as low as $4.56 and last traded at $4.57. Approximately 1,307,970 shares traded hands during trading, a decline of 71% from the average daily volume of 4,560,001 shares. The stock had previously closed at $4.72.

Analyst Upgrades and Downgrades

Separately, Bank of America cut 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 assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.91.

Lufax Stock Down 5.3 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.70 and a current ratio of 1.70. The business’s 50 day moving average price is $4.20 and its 200 day moving average price is $3.43. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -32.29, a PEG ratio of 0.64 and a beta of 0.82.

Lufax (NYSE:LU) last released its quarterly earnings results on Monday, April 22nd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.28). The company had revenue of $964.47 million for the quarter. Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. On average, equities analysts forecast that Lufax Holding Ltd will post 0.21 EPS for the current year.

Lufax Cuts Dividend

The company also recently declared 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 of this dividend is Tuesday, June 4th. Lufax’s dividend payout ratio is presently -178.57%.

Institutional Trading of Lufax

Large investors have recently added to or reduced their stakes in the stock. Lansdowne Partners UK LLP purchased a new position in shares of Lufax during the third quarter worth $2,138,000. Citigroup Inc. grew its stake in shares of Lufax by 207.8% in the third quarter. Citigroup Inc. now owns 567,150 shares of the company’s stock worth $601,000 after acquiring an additional 382,884 shares in the last quarter. AI Squared Management Ltd purchased a new stake in shares of Lufax during the fourth quarter worth $1,026,000. Charles Schwab Investment Management Inc. raised its stake in shares of Lufax by 25.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,242,221 shares of the company’s stock valued at $4,497,000 after acquiring an additional 862,120 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in Lufax by 663.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 125,846 shares of the company’s stock worth $133,000 after purchasing an additional 109,362 shares in the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

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.