Citizens Financial Group Inc. RI Lowers Position in Nu Holdings Ltd. (NYSE:NU)

Citizens Financial Group Inc. RI trimmed its holdings in Nu Holdings Ltd. (NYSE:NU) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,138 shares of the company’s stock after selling 1,220 shares during the period. Citizens Financial Group Inc. RI’s holdings in NU were worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Fisher Asset Management LLC purchased a new position in shares of NU in the third quarter valued at about $98,704,000. Thrivent Financial for Lutherans increased its holdings in shares of NU by 23.2% in the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after purchasing an additional 48,445 shares during the last quarter. Adero Partners LLC increased its holdings in shares of NU by 5.7% in the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after purchasing an additional 259,324 shares during the last quarter. Baader Bank Aktiengesellschaft increased its holdings in shares of NU by 19.6% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after purchasing an additional 58,183 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC increased its holdings in shares of NU by 20.0% in the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after purchasing an additional 50,000 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of several research reports. KeyCorp lifted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Barclays reduced 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. Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, NU has an average rating of “Hold” and an average price target of $15.47.

NU Trading Up 3.0 %

NU opened at $10.92 on Thursday. The stock has a market cap of $52.03 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 0.48 and a beta of 1.14. The stock’s 50 day moving average price is $11.99 and its 200-day moving average price is $13.01. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU) last released its earnings results 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%. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.