Stifel Financial Corp Sells 350,485 Shares of Nu Holdings Ltd. (NYSE:NU)

Stifel Financial Corp reduced its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 29.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 826,995 shares of the company's stock after selling 350,485 shares during the quarter. Stifel Financial Corp's holdings in NU were worth $8,568,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Piscataqua Savings Bank raised its position in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after buying an additional 2,500 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of NU by 190.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after acquiring an additional 3,215 shares during the period. Campbell Capital Management Inc. purchased a new position in shares of NU during the fourth quarter valued at approximately $52,000. Whipplewood Advisors LLC bought a new position in NU during the fourth quarter valued at approximately $62,000. Finally, Ethos Financial Group LLC purchased a new stake in NU in the fourth quarter worth approximately $82,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NU shares. Barclays raised their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. UBS Group dropped their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.47.

NU Stock Performance

Shares of NYSE NU traded down $0.09 during trading on Thursday, hitting $12.35. The company had a trading volume of 32,768,175 shares, compared to its average volume of 41,176,230. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market capitalization of $59.49 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The stock has a 50 day simple moving average of $10.97 and a 200 day simple moving average of $12.23.

NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.