Sustainable Growth Advisers LP Has $11.13 Million Position in XP Inc. $XP

Sustainable Growth Advisers LP raised its stake in shares of XP Inc. (NASDAQ:XP) by 27.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 680,170 shares of the company’s stock after buying an additional 145,154 shares during the quarter. Sustainable Growth Advisers LP’s holdings in XP were worth $11,134,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. BW Gestao de Investimentos Ltda. acquired a new position in shares of XP during the 4th quarter worth about $6,380,000. BNP Paribas Financial Markets lifted its holdings in shares of XP by 122.5% during the 4th quarter. BNP Paribas Financial Markets now owns 1,123,191 shares of the company’s stock valued at $18,387,000 after purchasing an additional 618,427 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in shares of XP during the 4th quarter valued at about $179,000. Norges Bank bought a new position in shares of XP during the 4th quarter valued at about $80,196,000. Finally, Triglav Investments D.O.O. lifted its holdings in shares of XP by 31.5% during the 4th quarter. Triglav Investments D.O.O. now owns 46,033 shares of the company’s stock valued at $754,000 after purchasing an additional 11,033 shares in the last quarter. 59.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XP shares. UBS Group lifted their price objective on XP from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Weiss Ratings upgraded XP from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Zacks Research cut XP from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.40.

XP Trading Down 0.4%

NASDAQ XP opened at $16.60 on Tuesday. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.53 and a beta of 1.11. The stock’s 50 day moving average price is $18.77 and its two-hundred day moving average price is $18.74. 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 Inc. has a 52 week low of $15.61 and a 52 week high of $23.13.

XP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, June 18th. Shareholders of record on Wednesday, June 10th will be paid a $0.20 dividend. This represents a yield of 115.0%. The ex-dividend date is Wednesday, June 10th. This is a positive change from XP’s previous annual dividend of $0.18. XP’s dividend payout ratio (DPR) is presently 9.94%.

XP announced that its board has approved a stock buyback plan on Tuesday, May 19th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.