XP Inc. $XP Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in shares of XP Inc. (NASDAQ:XP) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,192,359 shares of the company’s stock after purchasing an additional 60,716 shares during the period. Los Angeles Capital Management LLC’s holdings in XP were worth $21,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased 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 worth $33,000 after purchasing an additional 646 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in XP during the fourth quarter worth about $34,000. Caitong International Asset Management Co. Ltd increased its position in XP by 1,783.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,825 shares of the company’s stock worth $53,000 after purchasing an additional 2,675 shares during the last quarter. Vestcor Inc acquired a new stake in XP during the third quarter worth about $64,000. Finally, Virtus Advisers LLC acquired a new stake in XP during the third quarter worth about $75,000. 59.15% of the stock is currently owned by institutional investors and hedge funds.

XP Price Performance

Shares of XP opened at $15.34 on Monday. XP Inc. has a 1-year low of $15.24 and a 1-year high of $23.13. The stock has a market cap of $8.24 billion, a PE ratio of 8.48, a P/E/G ratio of 0.49 and a beta of 1.11. The firm has a 50-day simple moving average of $18.49 and a two-hundred day simple moving average of $18.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.66 and a quick ratio of 6.66.

XP Increases Dividend

The business 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 dividend of $0.20 per share. This is a boost from XP’s previous annual dividend of $0.18. This represents a dividend yield of 115.0%. The ex-dividend date is Wednesday, June 10th. XP’s dividend payout ratio (DPR) is 9.94%.

XP announced that its board has initiated a stock buyback plan on Tuesday, May 19th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of XP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Zacks Research cut shares of XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, UBS Group cut their price objective on shares of XP from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.75.

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.