Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in XP Inc. $XP

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of XP Inc. (NASDAQ:XP) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 797,491 shares of the company’s stock, valued at approximately $15,184,000.

Several other large investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake 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 worth $33,000 after acquiring an additional 646 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of XP in the fourth quarter worth about $34,000. Caitong International Asset Management Co. Ltd boosted its stake in XP by 1,783.3% during 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 last quarter. Aster Capital Management DIFC Ltd bought a new position in XP during the fourth quarter valued at approximately $55,000. Finally, Vestcor Inc purchased a new position in XP during the 3rd quarter valued at approximately $64,000. 59.15% of the stock is currently owned by hedge funds and other institutional investors.

XP Price Performance

Shares of XP stock opened at $16.67 on Friday. XP Inc. has a twelve month low of $14.80 and a twelve month high of $23.13. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $16.40 and a two-hundred day simple moving average of $18.28. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.59 and a beta of 1.10.

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

XP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, June 18th. Investors of record on Wednesday, June 10th were paid a $0.20 dividend. This represents a yield of 268.0%. This is a boost from XP’s previous annual dividend of $0.18. The ex-dividend date of this dividend was Wednesday, June 10th. XP’s payout ratio is currently 22.10%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on XP shares. Zacks Research downgraded XP from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of XP from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, UBS Group reduced their price target on shares of XP from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.33.

About XP

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.