Northern Trust Corp Has $264.14 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Northern Trust Corp grew its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 45.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,496,091 shares of the company's stock after acquiring an additional 7,930,598 shares during the period. Northern Trust Corp owned about 0.53% of NU worth $264,140,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. OneAscent Wealth Management LLC boosted its stake in NU by 6.5% in the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock worth $129,000 after purchasing an additional 760 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after buying an additional 1,000 shares during the period. Arkfeld Wealth Strategies L.L.C. grew its holdings in shares of NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock valued at $579,000 after buying an additional 1,000 shares in the last quarter. Blue Trust Inc. raised its position in NU by 4.9% during the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after buying an additional 1,011 shares during the period. Finally, Quarry LP lifted its stake in NU by 15.3% in the 4th quarter. Quarry LP now owns 9,095 shares of the company's stock worth $94,000 after acquiring an additional 1,205 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Stock Up 0.1 %

Shares of NYSE NU traded up $0.02 during mid-day trading on Monday, reaching $12.47. 37,593,738 shares of the company traded hands, compared to its average volume of 41,379,100. The company's fifty day moving average is $11.02 and its two-hundred day moving average is $12.17. 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 Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The stock has a market cap of $60.08 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. On average, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NU. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Barclays upped their price target on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, UBS Group lowered 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, three have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NU currently has an average rating of "Moderate Buy" and an average price target of $15.47.

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.