Lufax Holding Ltd (NYSE:LU) shares traded 1.74% higher at $1.17 on Wall Street last session.
In accordance with the data, 16 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 $18.23 and a low of $7.28, we find $10.32. Given the previous closing price of $1.15, this indicates a potential upside of 797.39 percent. LU stock price is now -23.30% away from the 50-day moving average and -38.75% away from the 200-day moving average. The market capitalization of the company currently stands at $2.64B.
It has been rated a hold by 6 analysts and a buy by 4. Brokers who have rated the stock have averaged $11.03 as their price target over the next twelve months.
With the price target reduced from $1.60 to $1, UBS Downgraded its rating from Neutral to Sell for Lufax Holding Ltd (NYSE: LU).
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 MAN GROUP PLC during the first quarter worth $1,544,000. SWISS NATIONAL BANK invested $1,411,000 in shares of LU during the first quarter. In the first quarter, D. E. SHAW & CO., INC. acquired a new stake in Lufax Holding Ltd valued at approximately $607,000. PARAGON CAPITAL MANAGEMENT LTD acquired a new stake in LU for approximately $154,000. SIMPLEX TRADING, LLC purchased a new stake in LU valued at around $130,000 in the second quarter. In total, there are 289 active investors with 16.60% ownership of the company’s stock.
Lufax Holding Ltd (NYSE: LU) opened at $1.1800 on Friday. During the past 12 months, Lufax Holding Ltd has had a low of $1.15 and a high of $4.64. The fifty day moving average price for LU is $1.5156 and a two-hundred day moving average price translates $1.9079 for the stock.
The latest earnings results from Lufax Holding Ltd (NYSE: LU) was released for Jun, 2023. According to the Credit Services Company, earnings per share came in at $0.06, beating analysts’ expectations of $0.05 by 0.01. This compares to $0.18 EPS in the same period last year. The net profit margin was 4.80% and return on equity was 2.30% for LU. The company reported revenue of $1.28 billion for the quarter, compared to $2.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -43.99 percent. For the current quarter, analysts expect LU to generate $1.27B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/30/2023. Investors who held shares on 10/12/2023 were paid a $0.039 dividend. On an annualized basis, this represents a $0.08 dividend and a 6.67% percent yield. There was an ex-dividend date of 10/11/2023 for this dividend.
