Geode Capital Management LLC grew its holdings in shares of XP Inc. (NASDAQ:XP – Free Report) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,866,728 shares of the company’s stock after acquiring an additional 204,524 shares during the period. Geode Capital Management LLC’s holdings in XP were worth $79,285,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted 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 buying an additional 646 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of XP during the 4th quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd boosted 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 buying an additional 2,675 shares during the last quarter. Vestcor Inc purchased a new position in shares of XP during the 3rd quarter valued at approximately $64,000. Finally, Virtus Advisers LLC purchased a new position in shares of XP during the 3rd quarter valued at approximately $75,000. 59.15% of the stock is currently owned by hedge funds and other institutional investors.
XP Price Performance
NASDAQ:XP opened at $15.34 on Monday. The business’s 50-day moving average price is $18.49 and its 200 day moving average price is $18.65. The firm has a market cap of $8.24 billion, a P/E ratio of 8.48, a PEG ratio of 0.49 and a beta of 1.11. XP Inc. has a 52-week low of $15.24 and a 52-week high of $23.13. 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 firm 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 dividend of $0.20 per share. This represents a yield of 115.0%. The ex-dividend date is Wednesday, June 10th. This is a boost from XP’s previous annual dividend of $0.18. XP’s dividend payout ratio is 9.94%.
Wall Street Analysts Forecast Growth
XP has been the topic of several research analyst reports. Weiss Ratings upgraded XP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group dropped their target price on XP from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Finally, Zacks Research lowered XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.75.
Get Our Latest Stock Analysis on XP
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.
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