Lufax Holding Ltd (NYSE:LU) is Yunqi Capital Ltd’s 5th Largest Position

Yunqi Capital Ltd trimmed its stake in Lufax Holding Ltd (NYSE:LU) by 66.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,089,767 shares of the company’s stock after selling 10,269,303 shares during the period. Lufax accounts for about 11.0% of Yunqi Capital Ltd’s investment portfolio, making the stock its 5th biggest holding. Yunqi Capital Ltd owned about 0.89% of Lufax worth $15,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lansdowne Partners UK LLP purchased a new stake in shares of Lufax in the 3rd quarter worth about $2,138,000. Citigroup Inc. lifted its position in shares of Lufax by 207.8% in the 3rd quarter. Citigroup Inc. now owns 567,150 shares of the company’s stock worth $601,000 after purchasing an additional 382,884 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Lufax by 25.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,242,221 shares of the company’s stock worth $4,497,000 after acquiring an additional 862,120 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Lufax by 663.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 125,846 shares of the company’s stock worth $133,000 after acquiring an additional 109,362 shares in the last quarter. Finally, Caxton Associates LP increased its stake in shares of Lufax by 2,850.6% in the 3rd quarter. Caxton Associates LP now owns 1,307,044 shares of the company’s stock worth $1,385,000 after acquiring an additional 1,262,746 shares in the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

Lufax Stock Performance

NYSE LU traded down $0.02 during trading hours on Tuesday, hitting $4.37. 3,430,445 shares of the company’s stock traded hands, compared to its average volume of 5,006,179. The business’s fifty day moving average price is $3.53 and its two-hundred day moving average price is $3.35. The company has a current ratio of 1.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.50 billion, a P/E ratio of 18.98 and a beta of 0.88. Lufax Holding Ltd has a 52 week low of $2.11 and a 52 week high of $7.64.

Lufax (NYSE:LU) last posted its quarterly earnings results on Thursday, March 21st. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.18). The firm had revenue of $965.76 million during the quarter, compared to the consensus estimate of $1.06 billion. Lufax had a return on equity of 0.94% and a net margin of 2.59%. Equities research analysts predict that Lufax Holding Ltd will post 0.3 EPS for the current year.

Lufax Cuts Dividend

The company also recently declared a — dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Tuesday, June 4th will be given a $0.156 dividend. The ex-dividend date is Tuesday, June 4th. This represents a dividend yield of 5.8%. Lufax’s payout ratio is currently 108.70%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LU shares. Morgan Stanley increased their price target on shares of Lufax from $3.00 to $4.80 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Bank of America lowered shares of Lufax from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.91.

About Lufax

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.