ExodusPoint Capital Management LP bought a new stake in shares of Lufax Holding Ltd (NYSE:LU) during the 4th quarter, Holdings Channel reports. The firm bought 22,908 shares of the company’s stock, valued at approximately $325,000.
A number of other institutional investors have also made changes to their positions in LU. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Lufax during the 4th quarter valued at $53,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of Lufax during the 4th quarter valued at $160,000. Yorktown Management & Research Co Inc acquired a new position in shares of Lufax during the 4th quarter valued at $305,000. NN Investment Partners Holdings N.V. acquired a new position in shares of Lufax during the 4th quarter valued at $372,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Lufax during the 4th quarter valued at $394,000.
A number of brokerages recently issued reports on LU. Rowe began coverage on Lufax in a report on Monday, March 8th. They issued a “buy” rating and a $22.04 target price on the stock. Sanford C. Bernstein began coverage on Lufax in a report on Thursday, April 1st. They set an “underperform” rating and a $10.50 price target on the stock. Zacks Investment Research downgraded Lufax from a “buy” rating to a “hold” rating in a report on Wednesday. China Renaissance Securities began coverage on Lufax in a report on Friday, December 11th. They set a “buy” rating and a $17.00 price target on the stock. Finally, Citigroup began coverage on Lufax in a report on Monday, March 8th. They set a “buy” rating and a $22.04 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.73.
Lufax (NYSE:LU) last released its quarterly earnings data on Tuesday, February 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.89 billion. Equities analysts forecast that Lufax Holding Ltd will post 0.79 EPS for the current year.
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.
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