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When Will Lufax Holding Ltd. (LU) Be Worth Investing In?

Lufax Holding Ltd (NYSE:LU) has seen 0.73 million shares traded in the recent trading session. The company, currently valued at $8.31B, closed the recent trade at $3.39 per share which meant it lost -$0.17 on the day or -4.78% during that session. The LU stock price is -130.09% off its 52-week high price of $7.80 and -1.77% below the 52-week low of $3.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.63 million shares traded. The 3-month trading volume is 7.14 million shares.

Lufax Holding Ltd (NYSE:LU) trade information

Sporting -4.78% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the LU stock price touched $3.39 or saw a rise of 8.13%. Year-to-date, Lufax Holding Ltd shares have moved -36.77%, while the 5-day performance has seen it change -3.78%. Over the past 30 days, the shares of Lufax Holding Ltd (NYSE:LU) have changed -10.10%. Short interest in the company has seen 26.09 million shares shorted with days to cover at 2.58.

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Wall Street analysts have a consensus price target for the stock at $43.70, which means that the shares’ value could jump 92.24% from the levels at last check today. The projected low price target is $30.42 while the price target rests at a high of $59.41. In that case, then, we find that the latest price level in today’s session is -1652.51% off the targeted high while a plunge would see the stock gain -797.35% from the levels at last check today.

Lufax Holding Ltd (LU) estimates and forecasts

Figures show that Lufax Holding Ltd shares have underperformed across the wider relevant industry. The company’s shares have lost -44.03% over the past 6 months, with this year growth rate of -24.55%, compared to -7.50% for the industry. Revenue growth from the last financial year stood is estimated to be 0.90%.

3 analysts offering their estimates for the company have set an average revenue estimate of $2.36 billion for the current quarter. 2 have an estimated revenue figure of $2.52 billion for the next quarter concluding in Sep 2022.

Earnings growth for 2022 is a modest 12.60% while over the next 5 years, the company’s earnings are expected to increase by 0.10%.

LU Dividends

Lufax Holding Ltd is expected to release its next earnings report between January 31 and February 04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.17 at a share yield of 4.78%. The company’s dividend yield has gone up over the past 12 months.

Lufax Holding Ltd (NYSE:LU)’s Major holders

Insiders own 0.57% of the company shares, while shares held by institutions stand at 15.82% with a share float percentage of 15.91%. Investors are also buoyed by the number of investors in a company, with Lufax Holding Ltd having a total of 253 institutions that hold shares in the company. The top two institutional holders are Capital World Investors with over 56.47 million shares worth more than $314.54 million. As of Mar 30, 2022, Capital World Investors held 2.47% of shares outstanding.

The other major institutional holder is Capital Research Global Investors, with the holding of over 32.38 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $180.35 million and represent 1.42% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Capital World Growth and Income Fund and KraneShares CSI China Internet ETF. As of Jun 29, 2022, the former fund manager holds about 1.76% shares in the company for having 40.19 million shares of worth $241.12 million while later fund manager owns 18.94 million shares of worth $105.48 million as of Mar 30, 2022, which makes it owner of about 0.83% of company’s outstanding stock.

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