Lufax Holding Ltd ADR (NYSE:LU) shares traded 2.83% higher at $1.09 on Wall Street last session.
In accordance with the data, 16 analysts cover Lufax Holding Ltd ADR (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 $10.14. Given the previous closing price of $1.06, this indicates a potential upside of 856.6 percent. LU stock price is now -15.90% away from the 50-day moving average and -39.57% away from the 200-day moving average. The market capitalization of the company currently stands at $2.50B.
It has been rated a hold by 6 analysts and a buy by 5. Brokers who have rated the stock have averaged $10.96 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 ADR (NYSE: LU).
A total of 0.04% 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 ADR shares was purchased by MAN GROUP PLC during the first quarter worth $1,439,000. SWISS NATIONAL BANK invested $1,315,000 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 ADR valued at approximately $566,000. PARAGON CAPITAL MANAGEMENT LTD acquired a new stake in LU for approximately $143,000. SIMPLEX TRADING, LLC purchased a new stake in LU valued at around $121,000 in the second quarter. In total, there are 289 active investors with 18.13% ownership of the company’s stock.
Lufax Holding Ltd ADR (NYSE: LU) opened at $1.0700 on Friday. During the past 12 months, Lufax Holding Ltd ADR has had a low of $1.01 and a high of $3.32. The fifty day moving average price for LU is $1.2826 and a two-hundred day moving average price translates $1.7996 for the stock.
The latest earnings results from Lufax Holding Ltd ADR (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 4.82% and return on equity was 2.32% 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 $1.21B 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 $0.04 dividend and a 3.97% percent yield. There was an ex-dividend date of 10/11/2023 for this dividend. In terms of dividend payout ratio, LU is presently at 34.75%.
Lufax Holding Ltd ADR(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.
