Entropy Technologies LP acquired a new position in shares of XP Inc. (NASDAQ:XP – Free Report) during the first quarter, HoldingsChannel reports. The institutional investor acquired 55,435 shares of the company’s stock, valued at approximately $1,055,000.
Other institutional investors have also modified their holdings of the company. ARGA Investment Management LP boosted its holdings in shares of XP by 4.0% in the 1st quarter. ARGA Investment Management LP now owns 20,699,135 shares of the company’s stock valued at $394,112,000 after buying an additional 799,048 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of XP by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,263,021 shares of the company’s stock valued at $200,746,000 after buying an additional 1,300,982 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in XP by 10.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,799,175 shares of the company’s stock worth $193,152,000 after acquiring an additional 1,160,977 shares in the last quarter. State Street Corp raised its stake in XP by 1.3% during the 2nd quarter. State Street Corp now owns 9,696,864 shares of the company’s stock worth $195,877,000 after acquiring an additional 125,818 shares in the last quarter. Finally, Morgan Stanley lifted its position in XP by 13.2% in the fourth quarter. Morgan Stanley now owns 9,524,277 shares of the company’s stock valued at $155,912,000 after acquiring an additional 1,113,641 shares during the last quarter. Hedge funds and other institutional investors own 59.15% of the company’s stock.
XP Price Performance
XP stock opened at $16.74 on Tuesday. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $9.00 billion, a P/E ratio of 9.25, a PEG ratio of 0.59 and a beta of 1.10. The business has a 50 day simple moving average of $16.29 and a 200-day simple moving average of $18.30. XP Inc. has a twelve month low of $14.80 and a twelve month high of $23.13.
XP Increases Dividend
The firm also recently declared an annual dividend, which was paid on Thursday, June 18th. Investors of record on Wednesday, June 10th were given a $0.20 dividend. This is a positive change from XP’s previous annual dividend of $0.18. The ex-dividend date was Wednesday, June 10th. This represents a yield of 268.0%. XP’s payout ratio is currently 22.10%.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. UBS Group decreased 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 cut XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised XP from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.
View Our Latest 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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