CIBC Asset Management Inc Has $1.29 Million Stake in Nu Holdings Ltd. (NYSE:NU)

CIBC Asset Management Inc grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,393 shares of the company’s stock after purchasing an additional 5,020 shares during the quarter. CIBC Asset Management Inc’s holdings in NU were worth $1,294,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NU. Bleakley Financial Group LLC bought a new position in NU in the 1st quarter worth approximately $152,000. Wasatch Advisors LP raised its position in shares of NU by 19.4% during the fourth quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock worth $199,497,000 after acquiring an additional 3,886,442 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of NU during the first quarter valued at $1,958,000. Vaughan Nelson Investment Management L.P. boosted its holdings in NU by 499.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 413,165 shares of the company’s stock valued at $5,326,000 after acquiring an additional 344,295 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in NU in the first quarter worth about $597,000. Institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NU shares. JPMorgan Chase & Co. upped their target price on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Susquehanna reaffirmed a “positive” rating and issued a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. The Goldman Sachs Group lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Barclays raised their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.43.

NU Stock Down 4.4 %

Shares of NU stock opened at $13.71 on Friday. The company has a market capitalization of $65.32 billion, a P/E ratio of 52.71, a price-to-earnings-growth ratio of 0.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The business has a 50-day moving average of $13.15 and a two-hundred day moving average of $12.12. Nu Holdings Ltd. has a 1 year low of $6.67 and a 1 year high of $15.10.

NU (NYSE:NU) last announced its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same period last year, the company posted $0.05 EPS. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.4 EPS for the current year.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.