Royal London Asset Management Ltd. Has $40.84 Million Stake in Nu Holdings Ltd. (NYSE:NU)

Royal London Asset Management Ltd. raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 202.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,942,322 shares of the company’s stock after acquiring an additional 2,636,869 shares during the period. Royal London Asset Management Ltd.’s holdings in NU were worth $40,842,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new position in NU during the third quarter valued at approximately $98,704,000. Thrivent Financial for Lutherans raised its position in NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after purchasing an additional 48,445 shares in the last quarter. Baader Bank Aktiengesellschaft raised its position in NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after purchasing an additional 58,183 shares in the last quarter. Summit Partners Public Asset Management LLC raised its position in NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after purchasing an additional 50,000 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in NU during the third quarter valued at approximately $15,829,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NU shares. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Barclays decreased their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Finally, UBS Group decreased 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, NU has a consensus rating of “Hold” and an average price target of $15.47.

NU Stock Performance

Shares of NU stock opened at $11.39 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15. The stock has a market cap of $54.26 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 0.48 and a beta of 1.14. The company’s fifty day moving average is $12.04 and its 200 day moving average is $12.90.

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

NU Profile

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.