XP Inc. $XP Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of XP Inc. (NASDAQ:XP) by 158.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 680,507 shares of the company’s stock after buying an additional 417,674 shares during the period. SG Americas Securities LLC owned 0.13% of XP worth $12,957,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dodge & Cox raised its position in shares of XP by 0.5% in the third quarter. Dodge & Cox now owns 34,478,145 shares of the company’s stock worth $647,844,000 after acquiring an additional 169,700 shares during the period. ARGA Investment Management LP grew its position in shares of XP by 119.2% during 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 during the period. Schroder Investment Management Group grew its position in shares of XP by 74.4% during 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 during the period. Massachusetts Financial Services Co. MA grew its position in shares of XP by 11.9% during 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 during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of XP by 10.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,799,175 shares of the company’s stock valued at $193,152,000 after purchasing an additional 1,160,977 shares in the last quarter. Institutional investors and hedge funds own 59.15% of the company’s stock.

XP Price Performance

XP stock opened at $16.13 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.66 and a quick ratio of 6.66. The business has a 50 day simple moving average of $17.41 and a 200-day simple moving average of $18.33. The firm has a market capitalization of $8.67 billion, a PE ratio of 8.91, a price-to-earnings-growth 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 announced an annual dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.20 per share. This represents a yield of 268.0%. This is a boost from XP’s previous annual dividend of $0.18. The ex-dividend date of this dividend was Wednesday, June 10th. XP’s payout ratio is presently 22.10%.

XP announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.