Legal & General Group Plc Sells 168,907 Shares of Lufax Holding Ltd (NYSE:LU)

Legal & General Group Plc lowered its holdings in shares of Lufax Holding Ltd (NYSE:LU) by 21.3% during the fourth quarter, Holdings Channel reports. The firm owned 624,730 shares of the company’s stock after selling 168,907 shares during the period. Legal & General Group Plc’s holdings in Lufax were worth $1,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. raised its holdings in Lufax by 9.2% during the fourth quarter. Franklin Resources Inc. now owns 71,597 shares of the company’s stock valued at $171,000 after buying an additional 6,013 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings 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 valued at $79,000 after acquiring an additional 6,422 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Lufax by 43.6% in the 4th quarter. Corient Private Wealth LLC now owns 21,218 shares of the company’s stock valued at $51,000 after acquiring an additional 6,445 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Lufax by 11.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,847 shares of the company’s stock worth $152,000 after purchasing an additional 6,519 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Lufax by 102.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company’s stock worth $40,000 after purchasing an additional 8,382 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

Lufax Stock Up 5.8 %

NYSE:LU opened at $3.12 on Friday. The company’s 50 day moving average is $2.87 and its 200-day moving average is $2.69. Lufax Holding Ltd has a 12 month low of $2.00 and a 12 month high of $4.94. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of -4.05 and a beta of 0.71.

Lufax Company 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.