Franklin Resources Inc. Decreases Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Franklin Resources Inc. lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 11.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,504,527 shares of the company’s stock after selling 555,977 shares during the period. Franklin Resources Inc. owned approximately 0.09% of NU worth $46,667,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NU. LRI Investments LLC boosted its holdings in NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after purchasing an additional 743 shares during the last quarter. OneAscent Wealth Management LLC boosted its stake in shares of 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 buying an additional 760 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after buying an additional 801 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings 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 acquiring an additional 1,000 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. increased its position in 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 acquiring an additional 1,000 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Stock Performance

Shares of NYSE NU opened at $9.57 on Friday. The stock has a market cap of $45.61 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The firm has a fifty day moving average price of $11.87 and a 200-day moving average price of $12.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NU. Barclays dropped their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. UBS Group dropped their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.47.

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.