AGF Management Ltd. Acquires Shares of 13,451 Nu Holdings Ltd. (NYSE:NU)

AGF Management Ltd. purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,451 shares of the company’s stock, valued at approximately $139,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. Piscataqua Savings Bank lifted its stake in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of NU in the 4th quarter valued at approximately $62,000. Huntington National Bank raised its position in shares of NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after acquiring an additional 2,131 shares during the period. Ethos Financial Group LLC acquired a new position in NU during the fourth quarter valued at approximately $82,000. Finally, Berbice Capital Management LLC bought a new stake in NU in the fourth quarter valued at approximately $93,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Up 9.3 %

NYSE NU opened at $11.75 on Friday. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week 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 stock’s 50 day moving average price is $12.00 and its two-hundred day moving average price is $12.96. The stock has a market capitalization of $55.98 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates 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 fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Barclays decreased their target price on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. UBS Group dropped their price target 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. decreased their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” 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.