XP Inc. (NASDAQ:XP – Get Free Report) was the recipient of unusually large options trading on Monday. Traders bought 23,090 call options on the company. This represents an increase of approximately 414% compared to the typical daily volume of 4,493 call options.
Institutional Trading of XP
A number of large investors have recently added to or reduced their stakes in XP. EverSource Wealth Advisors LLC raised 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 purchasing an additional 646 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of XP in the 4th quarter valued at about $34,000. Caitong International Asset Management Co. Ltd boosted its position 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. Parallel Advisors LLC grew its holdings in shares of XP by 117.3% during the first quarter. Parallel Advisors LLC now owns 3,288 shares of the company’s stock worth $63,000 after purchasing an additional 1,775 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in XP in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 59.15% of the company’s stock.
XP Stock Up 1.3%
XP stock traded up $0.21 during mid-day trading on Monday, reaching $16.38. 4,376,716 shares of the company traded hands, compared to its average volume of 6,142,997. The firm’s 50 day moving average price is $16.95 and its 200 day moving average price is $18.27. XP has a fifty-two week low of $14.80 and a fifty-two week high of $23.13. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 0.57 and a beta of 1.10. 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 Increases Dividend
The company also recently disclosed an annual dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 10th were given a $0.20 dividend. This represents a yield of 268.0%. The ex-dividend date of this dividend was Wednesday, June 10th. This is a positive change from XP’s previous annual dividend of $0.18. XP’s payout ratio is currently 22.10%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on XP shares. UBS Group lowered their price target on XP from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Zacks Research cut shares of XP from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded 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 two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.33.
Check Out Our Latest Stock 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.
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