Legal & General Group Plc grew its position in shares of XP Inc. (NASDAQ:XP – Free Report) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,760,141 shares of the company’s stock after buying an additional 228,242 shares during the quarter. Legal & General Group Plc’s holdings in XP were worth $45,184,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XP. AQR Capital Management LLC lifted its position in XP by 692.8% during the first quarter. AQR Capital Management LLC now owns 217,557 shares of the company’s stock valued at $2,991,000 after purchasing an additional 190,115 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in XP by 174.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,923 shares of the company’s stock valued at $100,000 after purchasing an additional 4,400 shares during the period. EverSource Wealth Advisors LLC lifted its position in XP by 65.4% during 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 period. Jump Financial LLC bought a new position in XP during the second quarter valued at approximately $857,000. Finally, California Public Employees Retirement System lifted its position in XP by 7.2% during the second quarter. California Public Employees Retirement System now owns 723,423 shares of the company’s stock valued at $14,613,000 after purchasing an additional 48,765 shares during the period. Institutional investors own 59.15% of the company’s stock.
XP Stock Down 1.7%
XP opened at $16.67 on Friday. 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 1-year low of $15.61 and a 1-year high of $23.13. The company has a market capitalization of $8.96 billion, a PE ratio of 9.21, a PEG ratio of 0.53 and a beta of 1.17. The firm’s 50 day simple moving average is $18.82 and its two-hundred day simple moving average is $18.76.
XP Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Thursday, June 18th. Shareholders of record on Wednesday, June 10th will be given a $0.20 dividend. The ex-dividend date is Wednesday, June 10th. This is a boost from XP’s previous annual dividend of $0.18. This represents a yield of 115.0%. XP’s payout ratio is 9.94%.
Analyst Upgrades and Downgrades
XP has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of XP from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Weiss Ratings upgraded shares of XP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Zacks Research downgraded shares of XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.40.
Get Our Latest Stock Report on XP
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.
Featured Articles
- Five stocks we like better than XP
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Want to see what other hedge funds are holding XP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XP Inc. (NASDAQ:XP – Free Report).
Receive News & Ratings for XP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XP and related companies with MarketBeat.com's FREE daily email newsletter.
