Ninety One North America Inc. Boosts Position in XP Inc. $XP

Ninety One North America Inc. boosted its holdings in shares of XP Inc. (NASDAQ:XP) by 15.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,435,950 shares of the company’s stock after buying an additional 195,948 shares during the quarter. Ninety One North America Inc.’s holdings in XP were worth $23,507,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Summit Global Investments raised its position in XP by 5.8% during the 3rd quarter. Summit Global Investments now owns 11,624 shares of the company’s stock worth $218,000 after buying an additional 636 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in XP by 65.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock worth $33,000 after buying an additional 646 shares during the last quarter. California State Teachers Retirement System raised its position in XP by 1.6% during the 3rd quarter. California State Teachers Retirement System now owns 54,107 shares of the company’s stock worth $1,017,000 after buying an additional 866 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in XP by 8.8% during the third quarter. PNC Financial Services Group Inc. now owns 13,282 shares of the company’s stock worth $250,000 after acquiring an additional 1,070 shares during the period. Finally, Aberdeen Group plc grew its holdings in XP by 4.7% during the third quarter. Aberdeen Group plc now owns 25,202 shares of the company’s stock worth $474,000 after acquiring an additional 1,120 shares during the period. 59.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XP has been the topic of several analyst reports. UBS Group raised their target price on XP from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of XP in a report on Monday, December 29th. Zacks Research raised XP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Finally, Jefferies Financial Group initiated coverage on XP in a report on Monday, January 19th. They set a “buy” rating and a $22.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

XP Stock Down 0.1%

XP stock opened at $21.10 on Friday. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. XP Inc. has a 52 week low of $13.72 and a 52 week high of $23.13. The business’s 50-day moving average price is $19.89 and its 200 day moving average price is $18.55. The company has a quick ratio of 6.12, a current ratio of 5.36 and a debt-to-equity ratio of 0.01.

XP (NASDAQ:XP) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $806.08 million during the quarter. XP had a return on equity of 23.08% and a net margin of 27.51%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 earnings per share. As a group, sell-side analysts anticipate that XP Inc. will post 1.36 earnings per share for the current year.

XP Company Profile

XP Inc provides financial products and services in Brazil. It offers securities brokerage, private pension plans, commercial, and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits; product structuring and capital markets services for corporate clients and issuers of fixed income products; advisory services for mass-affluent and institutional clients; and wealth management services for high-net-worth customers and institutional clients.