Vaughan Nelson Investment Management L.P. Boosts Stock Holdings in Nu Holdings Ltd. $NU

Key Points

• Vaughan Nelson Investment Management L.P. significantly increased its stake in Nu Holdings Ltd. by 2,221.2% during Q2, owning 615,585 shares valued at approximately $8.4 million.
• Several institutional investors displayed strong interest in NU, with ownership by hedge funds and other institutional investors now accounting for 84.02% of the company's stock.
• Recent analyst reports have been largely positive, with upgrades and target price increases, resulting in an average rating of "Moderate Buy" and a target price of $17.06.

Vaughan Nelson Investment Management L.P. boosted its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 2,221.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 615,585 shares of the company's stock after purchasing an additional 589,065 shares during the period. Vaughan Nelson Investment Management L.P.'s holdings in NU were worth $8,446,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NU. Armstrong Advisory Group Inc. purchased a new stake in shares of NU during the second quarter worth $27,000. NBC Securities Inc. lifted its position in shares of NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after acquiring an additional 2,860 shares in the last quarter. Capital Analysts LLC purchased a new stake in shares of NU during the first quarter worth $31,000. TFC Financial Management Inc. lifted its position in shares of NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after acquiring an additional 1,325 shares in the last quarter. Finally, ORG Partners LLC lifted its position in shares of NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company's stock worth $32,000 after acquiring an additional 1,920 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Ratings Changes

NU has been the topic of several recent research reports. Bank of America increased their target price on NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Citigroup upgraded NU from a "sell" rating to a "buy" rating and increased their target price for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Susquehanna increased their target price on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research report on Wednesday, August 27th. Itau BBA Securities upgraded NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research report on Monday, August 18th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of NU in a research report on Saturday, September 27th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.06.

NU Trading Up 0.4%

Shares of NU stock opened at $15.28 on Friday. The company has a market capitalization of $73.61 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.42. The business's fifty day moving average is $14.29 and its 200 day moving average is $12.87.

NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter in the prior year, the firm earned $0.12 earnings per share. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.

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