Northern Trust Corp Has $69.64 Million Holdings in SoFi Technologies, Inc. $SOFI

Northern Trust Corp lessened its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 1.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,987,994 shares of the company's stock after selling 64,307 shares during the quarter. Northern Trust Corp owned approximately 0.55% of SoFi Technologies worth $69,640,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Two Sigma Advisers LP acquired a new stake in SoFi Technologies in the 4th quarter valued at $299,980,000. Voloridge Investment Management LLC purchased a new position in SoFi Technologies during the 4th quarter valued at about $75,139,000. Nuveen LLC purchased a new position in SoFi Technologies during the 1st quarter valued at about $47,616,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of SoFi Technologies by 58.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company's stock worth $50,467,000 after purchasing an additional 1,598,721 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of SoFi Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company's stock worth $1,156,805,000 after purchasing an additional 1,130,250 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $26.15 on Tuesday. SoFi Technologies, Inc. has a 1-year low of $6.75 and a 1-year high of $26.38. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. The business has a 50 day simple moving average of $20.54 and a two-hundred day simple moving average of $15.62. The stock has a market capitalization of $31.31 billion, a PE ratio of 54.48, a P/E/G ratio of 3.10 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The company had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. During the same period in the prior year, the firm posted $0.01 EPS. The firm's revenue was up 42.8% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on SOFI shares. Cowen initiated coverage on SoFi Technologies in a research report on Friday, July 11th. They issued a "hold" rating for the company. The Goldman Sachs Group initiated coverage on SoFi Technologies in a report on Monday, July 14th. They set a "neutral" rating and a $19.00 target price for the company. Rothschild & Co Redburn assumed coverage on SoFi Technologies in a research note on Friday, August 1st. They issued a "neutral" rating and a $20.50 price target on the stock. Citizens Jmp cut SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 14th. Finally, JMP Securities reaffirmed a "market perform" rating and set a $17.00 price target on shares of SoFi Technologies in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $19.35.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 10,578 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total transaction of $234,091.14. Following the completion of the sale, the executive vice president directly owned 234,622 shares of the company's stock, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 66,847 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $15.55, for a total value of $1,039,470.85. Following the sale, the chief technology officer directly owned 724,321 shares of the company's stock, valued at $11,263,191.55. This represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 272,239 shares of company stock valued at $4,123,194. Insiders own 2.60% of the company's stock.

SoFi Technologies Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

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