William Blair Investment Management LLC Has $9.77 Million Stock Position in XP Inc. $XP

William Blair Investment Management LLC trimmed its stake in XP Inc. (NASDAQ:XP) by 67.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 596,760 shares of the company’s stock after selling 1,255,837 shares during the period. William Blair Investment Management LLC’s holdings in XP were worth $9,769,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in XP. PNC Financial Services Group Inc. boosted its position in XP by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the company’s stock worth $227,000 after acquiring an additional 573 shares during the last quarter. Summit Global Investments grew its position in shares of XP by 5.8% in the 3rd quarter. Summit Global Investments now owns 11,624 shares of the company’s stock valued at $218,000 after acquiring an additional 636 shares during the period. EverSource Wealth Advisors LLC lifted its stake in XP by 65.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock valued at $33,000 after purchasing an additional 646 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of XP by 1.6% in the third quarter. California State Teachers Retirement System now owns 54,107 shares of the company’s stock valued at $1,017,000 after buying an additional 866 shares during the last quarter. Finally, Aberdeen Group plc lifted its holdings in XP by 4.7% during the 3rd quarter. Aberdeen Group plc now owns 25,202 shares of the company’s stock valued at $474,000 after purchasing an additional 1,120 shares during the last quarter. 59.15% of the stock is owned by institutional investors.

XP Price Performance

XP stock opened at $17.22 on Wednesday. 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. The stock has a market capitalization of $9.25 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 0.54 and a beta of 1.17. The stock has a fifty day moving average of $18.94 and a 200-day moving average of $18.80.

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 issued a $0.20 dividend. This represents a dividend yield of 115.0%. This is an increase from XP’s previous annual dividend of $0.18. The ex-dividend date of this dividend is Wednesday, June 10th. XP’s dividend payout ratio (DPR) is currently 9.94%.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on XP shares. UBS Group boosted their price objective on XP from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Weiss Ratings downgraded shares of XP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Finally, Zacks Research downgraded XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.40.

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.