Charles Schwab Investment Management Inc. Has $10.05 Million Holdings in Lufax Holding Ltd (NYSE:LU)

Charles Schwab Investment Management Inc. raised its stake in Lufax Holding Ltd (NYSE:LU) by 35.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,205,838 shares of the company’s stock after purchasing an additional 1,102,943 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Lufax were worth $10,052,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. EWA LLC acquired a new position in Lufax in the 3rd quarter valued at approximately $45,000. Soltis Investment Advisors LLC acquired a new position in Lufax in the 3rd quarter valued at approximately $52,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Lufax by 102.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company’s stock valued at $40,000 after buying an additional 8,382 shares during the period. Asset Management One Co. Ltd. increased its stake in Lufax by 24.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company’s stock valued at $79,000 after buying an additional 6,422 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Lufax in the 3rd quarter valued at approximately $143,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Lufax Stock Performance

Lufax stock opened at $3.00 on Friday. The firm has a market cap of $2.60 billion, a PE ratio of -3.89 and a beta of 0.77. The firm’s 50 day moving average price is $2.79 and its two-hundred day moving average price is $2.70. Lufax Holding Ltd has a twelve month low of $2.00 and a twelve month high of $4.94.

About Lufax

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.