Baillie Gifford & Co. Grows Position in Lufax Holding Ltd (NYSE:LU)

Baillie Gifford & Co. grew its position in shares of Lufax Holding Ltd (NYSE:LU) by 0.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,667,069 shares of the company’s stock after buying an additional 49,964 shares during the period. Baillie Gifford & Co.’s holdings in Lufax were worth $35,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in LU. Asset Management One Co. Ltd. grew 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 acquiring an additional 6,422 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 valued at $40,000 after purchasing an additional 8,382 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Lufax by 14.8% in the third quarter. Franklin Resources Inc. now owns 65,584 shares of the company’s stock valued at $226,000 after purchasing an additional 8,446 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Lufax by 14.7% during the third quarter. Daiwa Securities Group Inc. now owns 73,275 shares of the company’s stock worth $256,000 after purchasing an additional 9,400 shares in the last quarter. Finally, EWA LLC acquired a new position in shares of Lufax during the 3rd quarter worth about $45,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a $3.20 price objective on shares of Lufax in a report on Thursday, October 24th.

Lufax Stock Up 5.3 %

Shares of LU opened at $2.89 on Tuesday. Lufax Holding Ltd has a 52-week low of $2.00 and a 52-week high of $4.94. The stock has a market cap of $2.50 billion, a PE ratio of -3.75 and a beta of 0.84. The firm’s fifty day moving average is $2.50 and its two-hundred day moving average is $2.62.

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.