California Public Employees Retirement System Trims Stake in Lufax Holding Ltd (NYSE:LU)

California Public Employees Retirement System cut its stake in shares of Lufax Holding Ltd (NYSE:LU) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 236,708 shares of the company’s stock after selling 7,873 shares during the period. California Public Employees Retirement System’s holdings in Lufax were worth $566,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. lifted its position in shares of Lufax by 24.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company’s stock valued at $79,000 after buying an additional 6,422 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Lufax by 43.6% during the fourth quarter. Corient Private Wealth LLC now owns 21,218 shares of the company’s stock valued at $51,000 after purchasing an additional 6,445 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Lufax by 11.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,847 shares of the company’s stock worth $152,000 after purchasing an additional 6,519 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Lufax by 102.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company’s stock worth $40,000 after purchasing an additional 8,382 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Lufax by 14.8% during the 3rd 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. Institutional investors own 69.14% of the company’s stock.

Lufax Stock Performance

Shares of Lufax stock opened at $2.43 on Wednesday. The company has a fifty day moving average of $2.87 and a 200 day moving average of $2.76. The company has a market capitalization of $2.10 billion, a P/E ratio of -3.15 and a beta of 0.71. Lufax Holding Ltd has a fifty-two week low of $2.00 and a fifty-two week high of $4.94.

About Lufax

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.