DGS Capital Management LLC Takes Position in Lufax Holding Ltd (NYSE:LU)

DGS Capital Management LLC bought a new stake in Lufax Holding Ltd (NYSE:LU) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 26,274 shares of the company’s stock, valued at approximately $111,000.

Other large investors have also modified their holdings of the company. Lansdowne Partners UK LLP acquired a new stake in shares of Lufax in the third quarter valued at about $2,138,000. Citigroup Inc. grew its stake in Lufax by 207.8% during the 3rd quarter. Citigroup Inc. now owns 567,150 shares of the company’s stock valued at $601,000 after purchasing an additional 382,884 shares in the last quarter. Nomura Holdings Inc. grew its stake in Lufax by 2,280.1% during the 4th quarter. Nomura Holdings Inc. now owns 883,009 shares of the company’s stock valued at $2,711,000 after purchasing an additional 845,909 shares in the last quarter. AI Squared Management Ltd acquired a new stake in Lufax during the 4th quarter valued at approximately $1,026,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Lufax by 25.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,242,221 shares of the company’s stock valued at $4,497,000 after purchasing an additional 862,120 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Lufax Stock Performance

Shares of NYSE LU opened at $2.31 on Friday. Lufax Holding Ltd has a fifty-two week low of $2.00 and a fifty-two week high of $7.64. The business has a 50 day moving average price of $3.69 and a two-hundred day moving average price of $3.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.70 and a current ratio of 1.70.

Lufax (NYSE:LU) last issued its quarterly earnings data on Monday, April 22nd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.28). Lufax had a negative net margin of 2.17% and a negative return on equity of 0.72%. The business had revenue of $964.47 million for the quarter. Sell-side analysts predict that Lufax Holding Ltd will post 0.21 EPS for the current fiscal year.

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.