Public Employees Retirement System of Ohio Takes Position in Lufax Holding Ltd (NYSE:LU)

Public Employees Retirement System of Ohio purchased a new stake in Lufax Holding Ltd (NYSE:LU) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 423,813 shares of the company’s stock, valued at approximately $1,479,000.

Several other large investors have also modified their holdings of the business. Baillie Gifford & Co. lifted its stake in shares of Lufax by 4.3% in the 3rd quarter. Baillie Gifford & Co. now owns 14,617,105 shares of the company’s stock valued at $51,014,000 after purchasing an additional 605,134 shares during the last quarter. State Street Corp lifted its stake in Lufax by 3.2% during the 3rd quarter. State Street Corp now owns 4,960,609 shares of the company’s stock worth $17,313,000 after acquiring an additional 155,006 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Lufax by 43.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,102,895 shares of the company’s stock worth $10,829,000 after acquiring an additional 936,048 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Lufax by 6.0% during the 2nd quarter. Renaissance Technologies LLC now owns 2,688,219 shares of the company’s stock worth $6,371,000 after acquiring an additional 152,025 shares in the last quarter. Finally, Caxton Associates LP acquired a new position in Lufax during the 2nd quarter worth about $2,152,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America decreased their target price on Lufax from $5.22 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Jefferies Financial Group reissued a “hold” rating and set a $3.20 target price on shares of Lufax in a research note on Thursday, October 24th.

Lufax Price Performance

Shares of NYSE LU opened at $2.42 on Thursday. The stock’s 50-day moving average is $2.67 and its two-hundred day moving average is $2.66. Lufax Holding Ltd has a 1-year low of $2.00 and a 1-year high of $4.94. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -3.14 and a beta of 0.85.

Lufax (NYSE:LU) last issued its quarterly earnings results on Monday, October 21st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.15). Lufax had a negative return on equity of 3.63% and a negative net margin of 12.75%. The company had revenue of $789.93 million for the quarter. During the same quarter last year, the business posted $0.04 EPS. Equities research analysts anticipate that Lufax Holding Ltd will post -0.48 earnings per share for the current fiscal year.

Lufax Profile

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.