XP Inc. $XP Shares Acquired by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP lifted its position in XP Inc. (NASDAQ:XP) by 307.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,067 shares of the company’s stock after acquiring an additional 46,067 shares during the period. XP comprises approximately 0.5% of Hyperion Capital Advisors LP’s holdings, making the stock its 27th largest position. Hyperion Capital Advisors LP’s holdings in XP were worth $1,000,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in XP. EverSource Wealth Advisors LLC boosted its position in shares of XP by 65.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock worth $33,000 after buying an additional 646 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of XP in the fourth quarter worth $34,000. Caitong International Asset Management Co. Ltd boosted its position in shares of XP by 1,783.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,825 shares of the company’s stock worth $53,000 after buying an additional 2,675 shares during the period. Vestcor Inc acquired a new stake in shares of XP in the third quarter worth $64,000. Finally, Virtus Advisers LLC acquired a new stake in shares of XP in the third quarter worth $75,000. 59.15% of the stock is owned by hedge funds and other institutional investors.

XP Trading Up 2.4%

NASDAQ:XP opened at $16.02 on Friday. The stock’s 50 day moving average price is $18.21 and its 200 day moving average price is $18.56. XP Inc. has a 52 week low of $14.80 and a 52 week high of $23.13. The company has a market capitalization of $8.61 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.50 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 announced that its board has authorized a stock buyback program on Tuesday, May 19th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

XP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, June 18th. Investors of record on Wednesday, June 10th will be issued a $0.20 dividend. This is an increase from XP’s previous annual dividend of $0.18. The ex-dividend date is Wednesday, June 10th. This represents a yield of 268.0%. XP’s dividend payout ratio is presently 22.10%.

Analysts Set New Price Targets

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

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.