Pictet Asset Management Holding SA Acquires 12,048 Shares of Lufax Holding Ltd (NYSE:LU)

Pictet Asset Management Holding SA boosted its holdings in Lufax Holding Ltd (NYSE:LU) by 230.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,282 shares of the company’s stock after purchasing an additional 12,048 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Lufax were worth $41,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LU. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Lufax by 102.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company’s stock worth $40,000 after acquiring an additional 8,382 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Lufax by 43.6% during the fourth quarter. Corient Private Wealth LLC now owns 21,218 shares of the company’s stock worth $51,000 after purchasing an additional 6,445 shares during the last quarter. Soltis Investment Advisors LLC purchased a new stake in Lufax in the 3rd quarter valued at about $52,000. Asset Management One Co. Ltd. lifted its position in shares of Lufax by 24.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company’s stock worth $79,000 after buying an additional 6,422 shares in the last quarter. Finally, Amundi boosted its stake in shares of Lufax by 32.7% in the 4th quarter. Amundi now owns 54,987 shares of the company’s stock worth $133,000 after buying an additional 13,547 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Lufax Trading Down 1.5 %

Shares of LU opened at $2.51 on Friday. The stock has a 50 day moving average of $2.88 and a 200 day moving average of $2.76. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -3.26 and a beta of 0.71. Lufax Holding Ltd has a 12 month low of $2.00 and a 12 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.