PNC Financial Services Group Inc. Grows Position in Nu Holdings Ltd. $NU

PNC Financial Services Group Inc. boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 8.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,921 shares of the company’s stock after purchasing an additional 15,087 shares during the period. PNC Financial Services Group Inc.’s holdings in NU were worth $2,565,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC grew its stake in shares of NU by 5.5% during the first quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company’s stock valued at $164,000 after buying an additional 838 shares during the last quarter. Dakota Wealth Management lifted its position in shares of NU by 3.9% during the second quarter. Dakota Wealth Management now owns 31,314 shares of the company’s stock worth $430,000 after purchasing an additional 1,180 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its stake in shares of NU by 43.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company’s stock valued at $42,000 after purchasing an additional 1,250 shares during the period. Verdence Capital Advisors LLC boosted its stake in shares of NU by 3.2% during the second quarter. Verdence Capital Advisors LLC now owns 43,704 shares of the company’s stock valued at $600,000 after purchasing an additional 1,351 shares during the period. Finally, SVB Wealth LLC grew its holdings in shares of NU by 0.8% in the first quarter. SVB Wealth LLC now owns 178,707 shares of the company’s stock worth $1,830,000 after purchasing an additional 1,358 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Down 1.8%

Shares of NU stock opened at $15.32 on Wednesday. The firm’s 50 day moving average price is $15.68 and its 200-day moving average price is $13.93. The company has a quick ratio of 0.57, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.55. The company has a market cap of $73.80 billion, a P/E ratio of 30.03, a PEG ratio of 0.80 and a beta of 1.08.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $3.96 billion. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of NU from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Citigroup upgraded NU from a “sell” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. KeyCorp lifted their price objective on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Susquehanna increased their target price on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a report on Friday, November 14th. Finally, Santander raised shares of NU to a “neutral” rating in a research report on Monday, August 25th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.33.

NU Company 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.