XP Inc. $XP Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in shares of XP Inc. (NASDAQ:XP) by 122.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,123,191 shares of the company’s stock after buying an additional 618,427 shares during the period. BNP Paribas Financial Markets owned approximately 0.21% of XP worth $18,387,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Impact Partnership Wealth LLC bought a new stake in shares of XP in the 4th quarter worth approximately $179,000. Norges Bank bought a new stake in shares of XP in the 4th quarter worth approximately $80,196,000. Triglav Investments D.O.O. raised its holdings in shares of XP by 31.5% in the 4th quarter. Triglav Investments D.O.O. now owns 46,033 shares of the company’s stock worth $754,000 after purchasing an additional 11,033 shares in the last quarter. Fideuram Asset Management Ireland dac bought a new stake in shares of XP in the 4th quarter worth approximately $170,000. Finally, National Pension Service raised its holdings in shares of XP by 9.7% in the 4th quarter. National Pension Service now owns 107,022 shares of the company’s stock worth $1,752,000 after purchasing an additional 9,441 shares in the last quarter. Institutional investors and hedge funds own 59.15% of the company’s stock.

XP Stock Performance

Shares of XP opened at $15.34 on Friday. The company’s 50 day moving average price is $18.49 and its 200 day moving average price is $18.65. XP Inc. has a 52 week low of $15.24 and a 52 week high of $23.13. The company has a market capitalization of $8.24 billion, a PE ratio of 8.48, a PEG ratio of 0.49 and a beta of 1.11. 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 Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, June 18th. Investors of record on Wednesday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This is a boost from XP’s previous annual dividend of $0.18. This represents a yield of 115.0%. XP’s payout ratio is presently 9.94%.

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

Wall Street Analyst Weigh In

XP has been the topic of a number of research reports. Weiss Ratings upgraded shares of XP from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Zacks Research downgraded shares of XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, UBS Group dropped their target price on shares of XP from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently 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.