Banco BTG Pactual S.A. lowered its stake in shares of XP Inc. (NASDAQ:XP – Free Report) by 61.1% in the fourth quarter, HoldingsChannel reports. The fund owned 23,909 shares of the company’s stock after selling 37,556 shares during the quarter. Banco BTG Pactual S.A.’s holdings in XP were worth $391,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of XP by 65.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock valued at $33,000 after acquiring an additional 646 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of XP during the 4th quarter valued at about $34,000. Caitong International Asset Management Co. Ltd increased its stake in shares of XP by 1,783.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,825 shares of the company’s stock valued at $53,000 after acquiring an additional 2,675 shares during the last quarter. Vestcor Inc acquired a new position in shares of XP during the 3rd quarter valued at about $64,000. Finally, Virtus Advisers LLC acquired a new position in shares of XP during the 3rd quarter valued at about $75,000. Institutional investors and hedge funds own 59.15% of the company’s stock.
XP Stock Up 4.8%
Shares of NASDAQ:XP opened at $15.65 on Friday. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.02. XP Inc. has a 52-week low of $14.80 and a 52-week high of $23.13. The company has a 50 day moving average of $18.26 and a two-hundred day moving average of $18.58. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 0.47 and a beta of 1.11.
XP Increases Dividend
The company also recently disclosed 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. This represents a yield of 268.0%. This is a positive change from XP’s previous annual dividend of $0.18. The ex-dividend date of this dividend is Wednesday, June 10th. XP’s dividend payout ratio is 22.10%.
Analysts Set New Price Targets
XP has been the subject of a number of research analyst reports. UBS Group dropped their price objective on shares of XP from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Zacks Research downgraded shares of XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised shares of XP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.75.
Read Our Latest Analysis 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
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
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.
