Hyperion Capital Advisors LP Has $1 Million Stock Position in XP Inc. $XP

Hyperion Capital Advisors LP raised its holdings in XP Inc. (NASDAQ:XP) by 307.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 61,067 shares of the company’s stock after acquiring an additional 46,067 shares during the period. XP accounts for 0.5% of Hyperion Capital Advisors LP’s portfolio, making the stock its 27th largest position. Hyperion Capital Advisors LP’s holdings in XP were worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dodge & Cox increased its holdings in shares of XP by 0.5% during the 3rd quarter. Dodge & Cox now owns 34,478,145 shares of the company’s stock worth $647,844,000 after purchasing an additional 169,700 shares during the period. ARGA Investment Management LP raised its holdings in XP by 119.2% in the 4th quarter. ARGA Investment Management LP now owns 19,900,087 shares of the company’s stock valued at $325,764,000 after acquiring an additional 10,820,050 shares in the last quarter. Schroder Investment Management Group raised its holdings in XP by 74.4% in the 3rd quarter. Schroder Investment Management Group now owns 12,288,191 shares of the company’s stock valued at $230,895,000 after acquiring an additional 5,240,306 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in 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 acquiring an additional 1,300,982 shares in the last quarter. Finally, State Street Corp raised its holdings in XP by 1.3% in the 2nd quarter. State Street Corp now owns 9,696,864 shares of the company’s stock valued at $195,877,000 after acquiring an additional 125,818 shares in the last quarter. Institutional investors and hedge funds own 59.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. UBS Group cut 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. Weiss Ratings raised XP from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Zacks Research cut XP from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.75.

XP Stock Up 2.4%

NASDAQ XP opened at $16.02 on Friday. 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 stock’s 50 day moving average is $18.21 and its two-hundred day moving average is $18.56. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.50 and a beta of 1.11. XP Inc. has a 1-year low of $14.80 and a 1-year high of $23.13.

XP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from XP’s previous annual dividend of $0.18. This represents a dividend yield of 268.0%. XP’s dividend payout ratio (DPR) is 22.10%.

XP announced that its board has authorized a stock buyback program on Tuesday, May 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

About XP

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.