PNC Financial Services Group Inc. Decreases Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

PNC Financial Services Group Inc. lowered its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,461 shares of the company’s stock after selling 35,181 shares during the quarter. PNC Financial Services Group Inc.’s holdings in NU were worth $1,621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NU. Fisher Asset Management LLC bought a new position in shares of NU during the 3rd quarter valued at approximately $98,704,000. Thrivent Financial for Lutherans increased 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 acquiring an additional 48,445 shares during the last quarter. Adero Partners LLC raised its stake 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 valued at $65,784,000 after acquiring an additional 259,324 shares during the period. Baader Bank Aktiengesellschaft lifted its holdings in shares of NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after acquiring an additional 58,183 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC boosted its stake in shares of NU by 20.0% during the 3rd 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 period. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Barclays reduced their price target on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Citigroup cut NU from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, UBS Group reduced their target price on 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 issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.47.

NU Stock Up 9.3 %

NYSE:NU opened at $11.75 on Friday. 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 cap of $55.98 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a 50-day moving average of $12.00 and a 200 day moving average of $12.96. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15.

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