Lufax Holding Ltd (NYSE:LU) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in shares of Lufax Holding Ltd (NYSE:LU) by 190.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,305,475 shares of the company’s stock after purchasing an additional 856,066 shares during the period. BNP Paribas Financial Markets’ holdings in Lufax were worth $3,120,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Northern Trust Corp boosted its holdings in Lufax by 110.7% in the fourth quarter. Northern Trust Corp now owns 523,084 shares of the company’s stock valued at $1,250,000 after purchasing an additional 274,808 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Lufax by 7.2% during the 4th quarter. Hsbc Holdings PLC now owns 192,858 shares of the company’s stock worth $461,000 after acquiring an additional 12,870 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Lufax during the 4th quarter worth about $5,491,000. Walleye Capital LLC boosted its stake in shares of Lufax by 39.0% during the 4th quarter. Walleye Capital LLC now owns 72,554 shares of the company’s stock worth $173,000 after acquiring an additional 20,339 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Lufax during the 4th quarter worth about $217,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lowered shares of Lufax from a “hold” rating to a “sell” rating in a research note on Tuesday, April 29th.

Lufax Price Performance

NYSE:LU opened at $2.92 on Friday. The firm has a market capitalization of $2.53 billion, a PE ratio of -3.79 and a beta of 0.71. The business’s fifty day moving average price is $2.82 and its 200 day moving average price is $2.66. Lufax Holding Ltd has a 12 month low of $2.00 and a 12 month high of $4.76.

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.