WINTON GROUP Ltd Makes New Investment in XP Inc. $XP

WINTON GROUP Ltd purchased a new position in shares of XP Inc. (NASDAQ:XP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 65,000 shares of the company’s stock, valued at approximately $1,064,000.

A number of other institutional investors also recently added to or reduced their stakes in XP. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $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 valued at $34,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $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 valued at $64,000. Finally, Virtus Advisers LLC acquired a new stake in shares of XP in the third quarter valued at $75,000. Institutional investors and hedge funds own 59.15% of the company’s stock.

Analyst Upgrades and Downgrades

XP has been the subject of several research analyst reports. Weiss Ratings upgraded 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 report on Wednesday, June 3rd. Finally, Zacks Research lowered 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, XP currently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

XP Stock Up 2.5%

Shares of XP stock opened at $15.64 on Wednesday. The stock’s fifty day moving average is $18.39 and its 200-day moving average is $18.61. The firm has a market capitalization of $8.41 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. 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 $15.09 and a 12-month high of $23.13.

XP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.20 per share. This represents a dividend yield of 256.0%. 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 presently 9.94%.

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