Lufax Holding S.A. (NYSE: LU – Get a rating) announced a — dividend on Friday, March 11, the wall street journal reports. Investors of record on Friday April 8 will receive a dividend of 0.32 per share on Friday April 22. This represents a return of 6.8%. The ex-dividend date is Thursday, April 7.
NYSE LU traded at $1.20 during Friday trading hours, hitting $4.68. 28,311,631 shares of the company were traded, against an average volume of 10,336,740. The company’s 50-day moving average is $5.40 and its two-hundred-day moving average is $6.46. Lufax has a one-year low of $4.19 and a one-year high of $15.60. The company has a debt ratio of 0.12, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market cap of $11.52 billion, a price-to-earnings ratio of 4.50, a growth price-to-earnings ratio of 0.27, and a beta of 0.37.
Lufax (NYSE:LU- Get a rating) last reported results on Wednesday, March 9. The company reported earnings per share (EPS) of $0.19 for the quarter, missing analyst consensus estimates of $0.20 per ($0.01). Lufax had a return on equity of 19.55% and a net margin of 28.26%. During the same period of the previous year, the company achieved EPS of $0.19. Research analysts predict Lufax will post 1.07 earnings per share for the current fiscal year.
Hedge funds have recently changed their positions in the business. Sei Investments Co. acquired a new equity stake in Lufax during Q4 worth approximately $58,000. Royal Bank of Canada increased its stake in Lufax shares by 453.1% during the third quarter. Royal Bank of Canada now owns 13,661 shares of the company worth $95,000 after buying an additional 11,191 shares in the last quarter. JustInvest LLC acquired a new stake in shares of Lufax during Q4 worth approximately $85,000. Virtu Financial LLC acquired a new stake in Lufax stock during Q4 worth approximately $244,000. Finally, Cubist Systematic Strategies LLC increased its stake in Lufax shares by 55.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 339,303 shares of the company worth $1,910,000 after purchasing an additional 121,371 shares in the last quarter. Hedge funds and other institutional investors own 24.30% of the company’s shares.
A number of research analysts have weighed in on LU shares recently. Macquarie downgraded Lufax shares from an “outperform” rating to a “neutral” rating and set a target price of $5.00 for the company. in a research report Wednesday. Zacks Investment Research cut Lufax shares from a “buy” to a “hold” rating in a Wednesday, Jan. 26 research note. Four equity research analysts gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat.com, Lufax has a consensus rating of “Hold” and a consensus price target of $9.13.
Lufax Company Profile (Get a rating)
Lufax Holding Ltd operates a personal financial services technology platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore) and Lu International (Hong Kong) to middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that provides small business owners with lending solutions; and technology empowerment solutions for financial institutions.
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