BW Gestao de Investimentos Ltda. Takes $6.38 Million Position in XP Inc. $XP

BW Gestao de Investimentos Ltda. bought a new stake in shares of XP Inc. (NASDAQ:XP) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 389,738 shares of the company’s stock, valued at approximately $6,380,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of XP by 4.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the company’s stock worth $227,000 after buying an additional 573 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of XP by 65.4% in the second 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 period. California State Teachers Retirement System boosted its position in shares of XP by 1.6% in the third 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 period. Aberdeen Group plc boosted its position in shares of XP by 4.7% in the third quarter. Aberdeen Group plc now owns 25,202 shares of the company’s stock worth $474,000 after buying an additional 1,120 shares during the period. Finally, Dakota Wealth Management boosted its position in shares of XP by 15.3% in the fourth quarter. Dakota Wealth Management now owns 13,363 shares of the company’s stock worth $219,000 after buying an additional 1,773 shares during the period. 59.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings raised XP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Zacks Research cut XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, UBS Group raised their target price on XP from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, XP has a consensus rating of “Moderate Buy” and a consensus price target of $23.40.

XP Price Performance

NASDAQ XP opened at $16.20 on Wednesday. XP Inc. has a fifty-two week low of $15.61 and a fifty-two week high of $23.13. The stock’s 50-day moving average is $18.77 and its two-hundred day moving average is $18.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.66 and a quick ratio of 6.66. The firm has a market cap of $8.71 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.53 and a beta of 1.11.

XP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, June 18th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.20 per share. This represents a yield of 115.0%. This is an increase from XP’s previous annual dividend of $0.18. The ex-dividend date is Wednesday, June 10th. XP’s dividend payout ratio is 22.10%.

XP announced that its Board of Directors has initiated a stock buyback plan on Tuesday, May 19th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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.