Lufax Holding Ltd (NYSE:LU) Short Interest Update


Lufax Holding Ltd (NYSE:LU – Get Rating) was the target of a sharp drop in short interest during May. As of May 15, there was short interest totaling 13,550,000 shares, a decline of 15.9% from the April 30 total of 16,110,000 shares. Based on an average trading volume of 10,330,000 shares, the short interest ratio is currently 1.3 days.

A number of equity research analysts have weighed in on LU shares recently. Zacks Investment Research downgraded Lufax from a “buy” rating to a “hold” rating in a research report on Tuesday. CICC Research supported Lufax’s coverage in a research report on Monday, May 9. They set an “outperformance” rating on the stock. Finally, Macquarie downgraded Lufax from an “outperform” rating to a “neutral” rating and set a target price of $5.00 for the stock. in a report on Wednesday, March 9. Four equity research analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat.com, Lufax currently has an average rating of “Hold” and a consensus price target of $7.86.

LU traded at $0.36 midday Wednesday, hitting $5.93. 165,236 shares of the company were traded, against an average volume of 6,546,546. The company has a market capitalization of $13.55 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.52 and a beta of -0.02. The company has a quick ratio of 1.43, a current ratio of 1.43 and a leverage ratio of 0.12. The company’s 50-day moving average price is $5.67 and its 200-day moving average price is $5.72. Lufax has a 1-year low of $4.09 and a 1-year high of $13.04.

Lufax (NYSE:LU – Get Rating) last reported quarterly earnings data on Wednesday, May 25. The company reported earnings per share (EPS) of $0.34 for the quarter, beating consensus analyst estimates of $0.31 by $0.03. Lufax had a return on equity of 18.54% and a net margin of 26.75%. During the same period a year earlier, the company posted EPS of $0.30. On average, sell-side analysts expect Lufax to post 1.16 earnings per share for the current fiscal year.

The company also recently disclosed an annual dividend, which was paid on Friday, April 15. Shareholders of record on Friday, April 8 received a dividend of $0.68. The ex-dividend date was Thursday, April 7. Lufax’s dividend payout ratio is 29.63%.

Major investors have recently changed their positions in the company. Neuberger Berman Group LLC increased its stake in Lufax by 20.6% during the 1st quarter. Neuberger Berman Group LLC now owns 376,734 shares of the company worth $2,125,000 after purchasing an additional 64,245 shares during the period. Toroso Investments LLC increased its stake in Lufax by 2.9% in the 1st quarter. Toroso Investments LLC now owns 521,110 shares of the company worth $2,903,000 after purchasing an additional 14,748 shares during the period. Capital World Investors increased its stake in Lufax by 6.3% in the first quarter. Capital World Investors now owns 56,470,472 shares of the company worth $314,541,000 after purchasing an additional 3,341,655 shares during the period. Virtu Financial LLC increased its stake in Lufax by 441.3% in the 1st quarter. Virtu Financial LLC now owns 234,687 shares of the company worth $1,307,000 after purchasing an additional 191,333 shares during the period. Finally, Farallon Capital Management LLC increased its stake in Lufax by 15.9% during the 1st quarter. Farallon Capital Management LLC now owns 22,034,399 shares of the company worth $122,732,000 after purchasing an additional 3,015,000 shares during the period. 24.59% of the shares are currently held by institutional investors.

About Lufax (Get a rating)

Lufax Holding Ltd operates a personal financial services technology platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore) and Lu International (Hong Kong) to middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that provides small business owners with lending solutions; and technology empowerment solutions for financial institutions.

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