Lufax Holding Ltd (NYSE:LU) Receives $6.91 Consensus PT from Analysts

Shares of Lufax Holding Ltd (NYSE:LU) have earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.91.

Several analysts have issued reports on LU shares. Bank of America cut Lufax from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Morgan Stanley upped their target price on Lufax from $3.00 to $4.80 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd.

Lufax Trading Down 1.2 %

Shares of LU stock opened at $4.09 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.59. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 17.78 and a beta of 0.88. The stock has a 50 day simple moving average of $3.31 and a 200-day simple moving average of $3.35. Lufax has a 1-year low of $2.11 and a 1-year high of $8.36.

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

Lufax Cuts Dividend

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

Institutional Trading of Lufax

Hedge funds and other institutional investors have recently modified their holdings of the business. Moneta Group Investment Advisors LLC purchased a new position in Lufax during the 1st quarter valued at about $25,000. PNC Financial Services Group Inc. boosted its holdings in 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 acquiring an additional 5,299 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Lufax in the 4th quarter valued at about $31,000. Comerica Bank purchased a new position in shares of Lufax in the 4th quarter valued at about $37,000. Finally, Cerity Partners LLC boosted its stake in shares of Lufax by 148.8% in the 2nd quarter. Cerity Partners LLC now owns 26,956 shares of the company’s stock valued at $39,000 after buying an additional 16,123 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

About Lufax

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.