The price of Lufax Holding Ltd (NYSE:LU) shares last traded on Wall Street fell -15.81% to $1.97.
Based on available information, 9 analysts follow Lufax Holding Ltd (NYSE:LU). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $47.21 and a low of $12.36, we find $24.19. Given the previous closing price of $2.34, this indicates a potential upside of 933.76 percent. LU stock price is now -18.41% away from the 50-day moving average and -57.90% away from the 200-day moving average. The market capitalization of the company currently stands at $4.09B.
Among analysts, 3 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $28.69 as their price target over the next twelve months.
On September 29, 2022, China Renaissance Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $3.10, while ‘CLSA’ rates the stock as ‘Underperform’.
A total of 0.57% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LU stock. A new stake in Lufax Holding Ltd shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $2,622,000. JANE STREET GROUP, LLC invested $2,393,000 in shares of LU during the first quarter. In the first quarter, MASSACHUSETTS FINANCIAL SERVICES CO /MA/ acquired a new stake in Lufax Holding Ltd valued at approximately $1,438,000. HRT FINANCIAL LP acquired a new stake in LU for approximately $1,096,000. SIMPLEX TRADING, LLC purchased a new stake in LU valued at around $761,000 in the second quarter. In total, there are 271 active investors with 17.10% ownership of the company’s stock.
A candlestick chart of Lufax Holding Ltd (NYSE: LU) showed a price of $2.2400 on Wednesday morning. During the past 12 months, Lufax Holding Ltd has had a low of $1.30 and a high of $7.36. The fifty day moving average price for LU is $2.4144 and a two-hundred day moving average price translates $4.6797 for the stock.
The latest earnings results from Lufax Holding Ltd (NYSE: LU) was released for Jun, 2022. According to the Credit Services Company, earnings per share came in at $0.18, missing analysts’ expectations of $0.23 by -0.05. This compares to $0.29 EPS in the same period last year. The net profit margin was 23.70% and return on equity was 16.10% for LU. The company reported revenue of $2.28 billion for the quarter, compared to $2.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.62 percent. For the current quarter, analysts expect LU to generate $2.05B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/28/2022. Investors who held shares on 10/13/2022 were paid a $0.17 dividend. On an annualized basis, this represents a $0.17 dividend and a 8.63% percent yield. There was an ex-dividend date of 10/12/2022 for this dividend.
Lufax Holding Ltd(LU) Company Profile
Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company 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. Lufax Holding Ltd was founded in 2005 and is headquartered in Shanghai, China.