65,000 Shares in XP Inc. $XP Acquired by WINTON GROUP Ltd

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

A number of other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd increased its holdings in shares of XP by 48.2% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 52,676 shares of the company’s stock valued at $860,000 after acquiring an additional 17,138 shares during the last quarter. Globeflex Capital L P grew its stake in XP by 5.4% during the 4th quarter. Globeflex Capital L P now owns 357,941 shares of the company’s stock worth $5,859,000 after buying an additional 18,348 shares during the last quarter. AXQ Capital LP grew its stake in XP by 22.4% during the 4th quarter. AXQ Capital LP now owns 34,574 shares of the company’s stock worth $566,000 after buying an additional 6,316 shares during the last quarter. Sustainable Growth Advisers LP grew its stake in XP by 27.1% during the 4th quarter. Sustainable Growth Advisers LP now owns 680,170 shares of the company’s stock worth $11,134,000 after buying an additional 145,154 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new position in XP during the 4th quarter worth $6,380,000. 59.15% of the stock is currently owned by institutional investors.

XP Trading Up 2.5%

Shares of XP stock opened at $15.64 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 1 year low of $15.09 and a 1 year high of $23.13. The stock has a fifty day moving average of $18.39 and a two-hundred day moving average of $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.

XP declared that its Board of Directors has initiated a share buyback program on Tuesday, May 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

XP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, June 18th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.20 per share. This is a boost from XP’s previous annual dividend of $0.18. The ex-dividend date is Wednesday, June 10th. This represents a yield of 256.0%. XP’s payout ratio is presently 9.94%.

Analyst Ratings Changes

A number of brokerages recently commented on XP. Weiss Ratings upgraded XP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group lowered their price objective on XP from $28.00 to $25.00 and set a “buy” rating for the company in a research note 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

XP 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.