Vanguard Group Inc. Grows Holdings in XP Inc. $XP

Vanguard Group Inc. grew its stake in XP Inc. (NASDAQ:XP) by 4.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,784,717 shares of the company’s stock after acquiring an additional 170,550 shares during the period. Vanguard Group Inc.’s holdings in XP were worth $61,956,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in XP. ARGA Investment Management LP purchased a new stake in XP during the 3rd quarter worth approximately $170,614,000. Orbis Allan Gray Ltd purchased a new stake in XP during the 2nd quarter worth approximately $161,639,000. Schroder Investment Management Group increased its stake in XP by 74.4% during the 3rd quarter. Schroder Investment Management Group now owns 12,288,191 shares of the company’s stock worth $230,895,000 after buying an additional 5,240,306 shares during the period. AQR Capital Management LLC increased its stake in XP by 1,433.5% during the 2nd quarter. AQR Capital Management LLC now owns 3,336,183 shares of the company’s stock worth $67,391,000 after buying an additional 3,118,626 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in XP by 26.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,962,039 shares of the company’s stock worth $205,977,000 after buying an additional 2,288,919 shares during the period. 59.15% of the stock is owned by hedge funds and other institutional investors.

XP Trading Up 1.8%

Shares of NASDAQ:XP opened at $17.60 on Friday. XP Inc. has a 52 week low of $15.61 and a 52 week high of $23.13. The company’s 50 day moving average is $19.28 and its two-hundred day moving average is $18.85. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.01. The company has a market cap of $9.46 billion, a PE ratio of 10.17, a P/E/G ratio of 0.55 and a beta of 1.17.

XP (NASDAQ:XP) last announced 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. XP had a net margin of 27.51% and a return on equity of 23.08%. The company had revenue of $806.08 million for the quarter. During the same period in the prior year, the company posted $2.23 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts predict that XP Inc. will post 2.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

XP has been the topic of several recent research reports. Zacks Research downgraded shares of XP from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Jefferies Financial Group initiated coverage on shares of XP in a research note on Monday, January 19th. They set a “buy” rating and a $22.00 target price on the stock. Weiss Ratings downgraded shares of XP from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, UBS Group upped their target price on shares of XP from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, XP presently has a consensus rating of “Moderate Buy” and an average price target of $22.67.

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.