Militia Capital Management LLC Buys New Position in XP Inc. $XP

Militia Capital Management LLC bought a new stake in XP Inc. (NASDAQ:XP) during the 1st quarter, Holdings Channel.com reports. The firm bought 48,240 shares of the company’s stock, valued at approximately $918,000.

A number of other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings 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 valued at $33,000 after purchasing an additional 646 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in XP during the fourth quarter worth $34,000. Caitong International Asset Management Co. Ltd boosted its holdings in XP by 1,783.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,825 shares of the company’s stock worth $53,000 after purchasing an additional 2,675 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in XP in the fourth quarter valued at $55,000. Finally, Parallel Advisors LLC grew its position in XP by 117.3% in the first quarter. Parallel Advisors LLC now owns 3,288 shares of the company’s stock valued at $63,000 after purchasing an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 59.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of XP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group decreased their price objective on XP from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Finally, Zacks Research downgraded XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.33.

XP Trading Down 2.7%

NASDAQ XP opened at $16.83 on Friday. The company has a market cap of $9.04 billion, a PE ratio of 9.30, a PEG ratio of 0.61 and a beta of 1.10. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.02. XP Inc. has a 12 month low of $14.80 and a 12 month high of $23.13. The stock has a 50 day moving average of $16.32 and a 200-day moving average of $18.31.

XP Increases Dividend

The company also recently declared an annual dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.20 per share. This represents a yield of 268.0%. This is an increase from XP’s previous annual dividend of $0.18. The ex-dividend date of this dividend was Wednesday, June 10th. XP’s payout ratio is currently 22.10%.

XP declared that its board has authorized a stock repurchase program on Tuesday, May 19th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

XP 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.