Militia Capital Management LLC Makes New Investment in XP Inc. $XP

Militia Capital Management LLC bought a new stake in XP Inc. (NASDAQ:XP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,240 shares of the company’s stock, valued at approximately $918,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of XP by 29.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 457,119 shares of the company’s stock valued at $7,396,000 after acquiring an additional 104,395 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in XP by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,263,021 shares of the company’s stock valued at $200,746,000 after purchasing an additional 1,300,982 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in XP during the fourth quarter valued at approximately $1,375,000. Pictet Asset Management Holding SA increased its stake in XP by 11.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 539,486 shares of the company’s stock valued at $8,831,000 after purchasing an additional 56,090 shares in the last quarter. Finally, Wealth High Governance Capital Ltda bought a new stake in XP in the fourth quarter valued at approximately $9,990,000. 59.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on XP shares. Weiss Ratings raised shares of XP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Zacks Research downgraded XP from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, UBS Group reduced their target price on XP from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.33.

XP Stock Performance

Shares of XP opened at $16.83 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.66 and a current ratio of 6.66. XP Inc. has a twelve month low of $14.80 and a twelve month high of $23.13. The firm’s 50 day moving average price is $16.32 and its two-hundred day moving average price is $18.31. The firm has a market cap of $9.04 billion, a P/E ratio of 9.30, a PEG ratio of 0.61 and a beta of 1.10.

XP declared that its board has initiated a share 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. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

XP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, June 18th. Investors of record on Wednesday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date was 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 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.