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

William Blair Investment Management LLC trimmed its position in shares of XP Inc. (NASDAQ:XP) by 67.8% in the fourth quarter, according to its most recent Form 13F filing 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 owned approximately 0.11% of XP worth $9,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in XP. AQR Capital Management LLC lifted its position in shares of XP by 692.8% during the 1st quarter. AQR Capital Management LLC now owns 217,557 shares of the company’s stock worth $2,991,000 after purchasing an additional 190,115 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in XP by 174.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,923 shares of the company’s stock valued at $100,000 after buying an additional 4,400 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in XP by 65.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock worth $33,000 after buying an additional 646 shares during the period. Jump Financial LLC acquired a new position in shares of XP during the second quarter worth approximately $857,000. Finally, California Public Employees Retirement System lifted its holdings in shares of XP by 7.2% during the second quarter. California Public Employees Retirement System now owns 723,423 shares of the company’s stock worth $14,613,000 after buying an additional 48,765 shares during the last quarter. 59.15% of the stock is owned by institutional investors and hedge funds.

XP Price Performance

Shares of XP stock opened at $17.22 on Wednesday. XP Inc. has a 12 month low of $15.61 and a 12 month high of $23.13. The company has a market capitalization of $9.25 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.54 and a beta of 1.17. The stock has a 50 day moving average of $18.94 and a two-hundred day moving average of $18.80. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.02.

XP declared that its board has approved a share repurchase program on Tuesday, May 19th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are 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 paid a dividend of $0.20 per share. This is an increase from XP’s previous annual dividend of $0.18. This represents a yield of 115.0%. The ex-dividend date is Wednesday, June 10th. XP’s dividend payout ratio is presently 9.94%.

Wall Street Analyst Weigh In

XP has been the topic of several research analyst reports. Weiss Ratings downgraded shares of XP from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Zacks Research cut shares of XP from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, UBS Group increased their price target on shares of XP from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, XP presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.40.

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.