Janus Henderson Group cut its stake in digital banking firm Nu Holdings by 75.3%, selling 292,190 shares.

Janus Henderson Group PLC significantly reduced its holdings in Nu Holdings Ltd., selling 292,190 shares, reducing its stake by 75.3%. NU, which offers digital banking services and financial products in Brazil, Mexico, and Colombia, saw its stock price drop 0.4% to $12.21. Despite this, several analysts have raised their ratings and price targets, with a consensus "Hold" rating and average target price of $15.63. Hedge funds and institutional investors collectively own 84.02% of NU's stock.

December 14, 2024
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