Raymond James Financial Inc. Takes Position in Nu Holdings Ltd. (NYSE:NU)

Raymond James Financial Inc. bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 337,748 shares of the company’s stock, valued at approximately $3,499,000.

A number of other institutional investors have also recently added to or reduced their stakes in NU. State Street Corp increased its stake in NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after acquiring an additional 16,638,397 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NU by 458.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after purchasing an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in NU by 122.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock valued at $165,850,000 after purchasing an additional 8,806,495 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

NYSE:NU opened at $11.08 on Friday. The company’s 50-day moving average is $12.06 and its two-hundred day moving average is $12.79. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market capitalization of $52.82 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

NU has been the topic of several recent research reports. UBS Group lowered their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. JPMorgan Chase & Co. cut their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, Barclays lowered their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, NU has a consensus rating of “Hold” and an average price target of $15.47.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.