Principal Financial Group Inc. Has $15.75 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Principal Financial Group Inc. lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 315.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,153,464 shares of the company’s stock after buying an additional 876,039 shares during the period. Principal Financial Group Inc.’s holdings in NU were worth $15,745,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new position in shares of NU in the 3rd quarter worth approximately $98,704,000. Thrivent Financial for Lutherans raised its position in NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after purchasing an additional 48,445 shares during the last quarter. Adero Partners LLC raised its position in NU by 5.7% in the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after purchasing an additional 259,324 shares during the last quarter. Summit Partners Public Asset Management LLC boosted its stake in NU by 20.0% in the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in NU by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock worth $17,819,000 after acquiring an additional 76,009 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Down 0.3 %

Shares of NU stock opened at $10.33 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $13.25 and its two-hundred day moving average price is $13.28. The firm has a market capitalization of $49.23 billion, a P/E ratio of 28.69, a PEG ratio of 0.59 and a beta of 0.99. Nu Holdings Ltd. has a 1 year low of $8.06 and a 1 year high of $16.15.

Analyst Ratings Changes

NU has been the subject of a number of recent research reports. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Bank of America raised their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp lifted their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Susquehanna boosted their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.63.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.