Raymond James Financial Inc. Purchases New Shares in Nu Holdings Ltd. (NYSE:NU)

Raymond James Financial Inc. acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 337,748 shares of the company's stock, valued at approximately $3,499,000.

Several other institutional investors have also modified their holdings of the stock. OneAscent Wealth Management LLC grew its stake in shares of NU by 6.5% during the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock valued at $129,000 after buying an additional 760 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in 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 purchasing an additional 1,000 shares during the period. Arkfeld Wealth Strategies L.L.C. lifted its position 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 worth $579,000 after purchasing an additional 1,000 shares during the last quarter. Blue Trust Inc. increased its stake in NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock worth $226,000 after buying an additional 1,011 shares during the period. Finally, Perigon Wealth Management LLC lifted its holdings in NU by 9.9% during the 4th quarter. Perigon Wealth Management LLC now owns 13,505 shares of the company's stock valued at $152,000 after buying an additional 1,216 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

Shares of NU stock traded up $0.02 on Wednesday, hitting $12.43. The company had a trading volume of 55,898,972 shares, compared to its average volume of 41,102,491. The firm has a market cap of $59.24 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The company has a 50-day moving average price of $10.94 and a 200-day moving average price of $12.22. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NU has been the topic of several research reports. UBS Group cut their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, Barclays lifted their price objective on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, NU has a consensus rating of "Moderate Buy" and a consensus target price 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.