Lufax Holding Ltd (NYSE:LU) shares traded 4.00% higher at $1.82 on Wall Street last session.
In accordance with the data, 19 analysts cover Lufax Holding Ltd (NYSE:LU). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $22.24 and a low of $9.59, we find $14.15. Given the previous closing price of $1.75, this indicates a potential upside of 708.57 percent. LU stock price is now -2.57% away from the 50-day moving average and -26.39% away from the 200-day moving average. The market capitalization of the company currently stands at $4.50B.
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It has been rated a hold by 8 analysts and a buy by 7. Brokers who have rated the stock have averaged $14.86 as their price target over the next twelve months.
On March 14, 2023, Macquarie Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $1.50, while ‘Citigroup’ rates the stock as ‘Neutral’.
A total of 4.24% 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 POLUNIN CAPITAL PARTNERS LTD during the first quarter worth $16,489,000. ARTISAN PARTNERS LIMITED PARTNERSHIP invested $5,159,000 in shares of LU during the first quarter. In the first quarter, PERSEVERANCE ASSET MANAGEMENT INTERNATIONAL acquired a new stake in Lufax Holding Ltd valued at approximately $2,639,000. LAZARD ASSET MANAGEMENT LLC acquired a new stake in LU for approximately $2,140,000. QUADRATURE CAPITAL LTD purchased a new stake in LU valued at around $1,317,000 in the second quarter. In total, there are 281 active investors with 16.60% ownership of the company’s stock.
Lufax Holding Ltd (NYSE: LU) opened at $1.7300 on Wednesday. During the past 12 months, Lufax Holding Ltd has had a low of $1.26 and a high of $7.05. The fifty day moving average price for LU is $1.8624 and a two-hundred day moving average price translates $2.4592 for the stock.
The latest earnings results from Lufax Holding Ltd (NYSE: LU) was released for Dec, 2022. According to the Credit Services Company, earnings per share came in at -$0.05, missing analysts’ expectations of $0.03 by -0.08. This compares to $0.19 EPS in the same period last year. The net profit margin was 15.00% and return on equity was 9.10% for LU. The company reported revenue of $1.77 billion for the quarter, compared to $2.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.98 percent. For the current quarter, analysts expect LU to generate $1.74B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/21/2023. Investors who held shares on 04/07/2023 were paid a $0.05 dividend. On an annualized basis, this represents a $0.10 dividend and a 5.49% percent yield. There was an ex-dividend date of 04/05/2023 for this dividend.
Lufax Holding Ltd(LU) 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. The company was founded in 2005 and is headquartered in Shanghai, China.
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