Capital World Investors Has $613.83 Million Stock Position in XP Inc. $XP

Capital World Investors lowered its position in shares of XP Inc. (NASDAQ:XP) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,497,038 shares of the company’s stock after selling 2,409,053 shares during the quarter. Capital World Investors owned approximately 6.98% of XP worth $613,829,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of XP by 65.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock worth $33,000 after purchasing an additional 646 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of XP during the 4th quarter worth about $34,000. Caitong International Asset Management Co. Ltd increased its position in shares of XP by 1,783.3% during the 3rd 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 in the last quarter. Vestcor Inc acquired a new stake in shares of XP during the 3rd quarter worth about $64,000. Finally, Virtus Advisers LLC acquired a new stake in shares of XP during the 3rd quarter worth about $75,000. Institutional investors and hedge funds own 59.15% of the company’s stock.

XP Stock Performance

Shares of XP opened at $15.34 on Monday. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.02. XP Inc. has a 12-month low of $15.24 and a 12-month high of $23.13. The firm has a market capitalization of $8.24 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.49 and a beta of 1.11. The stock’s fifty day simple moving average is $18.49 and its 200-day simple moving average is $18.65.

XP declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 19th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

XP Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on XP shares. Weiss Ratings raised XP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group reduced their price objective on XP from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Finally, Zacks Research lowered XP from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.