Lufax (LU) Stock Price, News & Analysis

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lufax in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LU, but not buy additional shares or sell existing shares.
View LU analyst ratings or view top-rated stocks.

8 brokerages have issued twelve-month target prices for Lufax's shares. Their LU share price targets range from $4.00 to $10.00. On average, they expect the company's stock price to reach $6.95 in the next year. This suggests a possible upside of 204.9% from the stock's current price.
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Lufax's stock was trading at $3.07 at the start of the year. Since then, LU stock has decreased by 25.7% and is now trading at $2.28.
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Lufax saw a increase in short interest in January. As of January 15th, there was short interest totaling 9,320,000 shares, an increase of 19.5% from the December 31st total of 7,800,000 shares. Based on an average trading volume of 7,270,000 shares, the short-interest ratio is presently 1.3 days. Currently, 1.6% of the company's stock are sold short.
View Lufax's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, March 11th 2024.
View our LU earnings forecast.

Lufax Holding Ltd (NYSE:LU) issued its quarterly earnings results on Tuesday, November, 9th. The company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $6.24 by $5.20. The firm earned $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. Lufax had a trailing twelve-month return on equity of 0.93% and a net margin of 2.23%.

Lufax announced a Semi-Annual dividend on Monday, August 21st. Shareholders of record on Thursday, October 12th will be paid a dividend of $0.156 per share on Monday, October 30th. This represents a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, October 11th. This is a boost from the stock's previous Semi-Annual dividend of $0.05.
Read our dividend analysis for LU.

Lufax (NYSE:LU) pays an annual dividend of $0.25 per share and currently has a dividend yield of 10.95%. LU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 104.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LU will have a dividend payout ratio of 40.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LU.

ETFs with the largest weight of Lufax (NYSE:LU) stock in their portfolio include First Trust S-Network E-Commerce ETF (ISHP), Amplify Emerging Markets FinTech ETF (EMFQ), Global X FinTech Thematic ETF (FINX), KraneShares CSI China Internet ETF (KWEB), Invesco Golden Dragon China ETF (PGJ), Global X China Financials ETF (CHIX) and iShares MSCI China Multisector Tech ETF (TCHI).Emerging Markets Internet & Ecommerce ETF (EMQQ).

Shares of Lufax reverse split before market open on Monday, December 18th 2023. The 1-4 reverse split was announced on Monday, November 20th 2023. The number of shares owned by shareholders was adjusted after the market closes on Friday, December 15th 2023. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

(LU) raised $2.2 billion in an initial public offering on Friday, October 30th 2020. The company issued 175,000,000 shares at $11.50-$13.50 per share. Goldman Sachs (Asia), BofA Securities, UBS Investment Bank, HSBC, China PA Securities (Hong Kong) Co., Morgan Stanley, CLSA and Jefferies served as the underwriters for the IPO and J.P. Morgan, BOCI, Haitong International, Stifel, China Renaissance and KeyBanc Capital Markets were co-managers.

Lufax's stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (1.06%), Yunqi Capital Ltd (0.89%), Robeco Institutional Asset Management B.V. (0.48%), Charles Schwab Investment Management Inc. (0.24%), E Fund Management Co. Ltd. (0.23%) and Mirae Asset Global Investments Co. Ltd. (0.16%).

Shares of LU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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