XP Inc. (NASDAQ:XP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of XP Inc. (NASDAQ:XP) have been given a consensus rating of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.3333.

Several brokerages recently weighed in on XP. UBS Group reduced their target price on shares of XP from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of XP from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Zacks Research downgraded shares of XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st.

XP Stock Performance

Shares of XP opened at $16.85 on Friday. XP has a 1 year low of $14.80 and a 1 year high of $23.13. The stock has a market capitalization of $9.06 billion, a PE ratio of 9.31, a PEG ratio of 0.60 and a beta of 1.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.66 and a current ratio of 6.66. The stock has a 50-day simple moving average of $16.33 and a 200-day simple moving average of $18.29.

XP Increases Dividend

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

XP declared that its Board of Directors has approved a share repurchase program on Tuesday, May 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Trading of XP

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted 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 acquiring 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 raised 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 acquiring an additional 2,675 shares in the last quarter. Parallel Advisors LLC lifted its stake in XP by 117.3% during the first quarter. Parallel Advisors LLC now owns 3,288 shares of the company’s stock worth $63,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in XP during the fourth quarter worth approximately $55,000. 59.15% of the stock is owned by hedge funds and other institutional investors.

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.