Nu Holdings Ltd. (NYSE:NU) Stock Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in Nu Holdings Ltd. (NYSE:NU) by 315.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,153,464 shares of the company’s stock after acquiring an additional 876,039 shares during the quarter. Principal Financial Group Inc.’s holdings in NU were worth $15,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares in the last quarter. Marcum Wealth LLC raised its holdings in NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after acquiring an additional 903 shares in the last quarter. Fortis Capital Management LLC raised its holdings in NU by 6.6% in the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after acquiring an additional 1,072 shares in the last quarter. Americana Partners LLC raised its holdings in NU by 7.8% in the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock valued at $199,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Gateway Advisory LLC raised its holdings in NU by 2.1% in the 2nd quarter. Gateway Advisory LLC now owns 69,255 shares of the company’s stock valued at $893,000 after acquiring an additional 1,419 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NU shares. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Barclays lifted their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday. Bank of America boosted their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, KeyCorp boosted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, NU has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Price Performance

NU stock opened at $14.06 on Friday. The company has a market capitalization of $66.99 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 0.71 and a beta of 1.13. Nu Holdings Ltd. has a 12 month low of $7.74 and a 12 month high of $16.15. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $14.48 and its 200-day moving average is $13.21.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a return on equity of 29.70% and a net margin of 16.28%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company earned $0.05 earnings per share. Equities research analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current year.

NU Profile

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.