Janus Henderson Group PLC Acquires 221,985 Shares of Nu Holdings Ltd. $NU

Janus Henderson Group PLC increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 35.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 848,878 shares of the company’s stock after buying an additional 221,985 shares during the quarter. Janus Henderson Group PLC’s holdings in NU were worth $12,200,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NU. Opal Capital LLC bought a new position in NU in the first quarter worth approximately $3,869,000. EverSource Wealth Advisors LLC boosted its stake in shares of NU by 58.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,468 shares of the company’s stock worth $93,000 after acquiring an additional 2,377 shares during the last quarter. Empire Financial Management Company LLC grew its position in shares of NU by 6.1% during the 1st quarter. Empire Financial Management Company LLC now owns 96,627 shares of the company’s stock valued at $1,389,000 after acquiring an additional 5,583 shares during the period. California State Teachers Retirement System grew its position in shares of NU by 13.3% during the 1st quarter. California State Teachers Retirement System now owns 1,807,993 shares of the company’s stock valued at $25,981,000 after acquiring an additional 212,530 shares during the period. Finally, EdgePoint Investment Group Inc. grew its position in shares of NU by 44.2% during the 1st quarter. EdgePoint Investment Group Inc. now owns 24,524 shares of the company’s stock valued at $352,000 after acquiring an additional 7,512 shares during the period. 84.02% of the stock is currently owned by institutional investors.

Insider Activity at NU

In other news, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the transaction, the director owned 162,150 shares of the company’s stock, valued at $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NU Stock Down 0.7%

Shares of NU stock opened at $14.33 on Wednesday. The company has a market capitalization of $69.60 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 0.58 and a beta of 0.94. Nu Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98. The company’s fifty day moving average price is $13.26 and its 200-day moving average price is $14.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58.

NU (NYSE:NU) last issued its earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Sell-side analysts expect that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU declared that its board has approved a share buyback program on Thursday, June 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts recently commented on NU shares. Susquehanna cut NU from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $13.00 in a report on Wednesday, June 3rd. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 price target for the company. in a report on Wednesday, June 3rd. Bank of America restated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Needham & Company LLC began coverage on NU in a research note on Friday, June 26th. They issued a “buy” rating and a $17.00 price objective on the stock. Finally, UBS Group lowered their price objective on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.24.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.