General Atlantic L.P. Has $371.59 Million Holdings in XP Inc. $XP

General Atlantic L.P. decreased its holdings in XP Inc. (NASDAQ:XP) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,699,133 shares of the company’s stock after selling 2,818,600 shares during the quarter. XP makes up about 12.9% of General Atlantic L.P.’s investment portfolio, making the stock its 3rd largest position. General Atlantic L.P. owned approximately 4.22% of XP worth $371,585,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in XP by 4.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the company’s stock valued at $227,000 after purchasing an additional 573 shares during the last quarter. EverSource Wealth Advisors LLC raised 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 valued at $33,000 after purchasing an additional 646 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of XP by 1.6% in the 3rd 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 period. Aberdeen Group plc increased its stake in shares of XP by 4.7% in the 3rd quarter. Aberdeen Group plc now owns 25,202 shares of the company’s stock valued at $474,000 after buying an additional 1,120 shares during the period. Finally, OneAscent Financial Services LLC increased its stake in shares of XP by 7.3% in the 4th quarter. OneAscent Financial Services LLC now owns 19,837 shares of the company’s stock valued at $325,000 after buying an additional 1,344 shares during the period. Institutional investors own 59.15% of the company’s stock.

XP Price Performance

Shares of XP opened at $15.68 on Wednesday. The stock has a 50 day simple moving average of $18.10 and a 200 day simple moving average of $18.53. 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 $14.80 and a 52-week high of $23.13. The firm has a market capitalization of $8.43 billion, a PE ratio of 8.66, a P/E/G ratio of 0.50 and a beta of 1.11.

XP Increases Dividend

The company 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 $0.20 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a dividend yield of 268.0%. This is a positive change from XP’s previous annual dividend of $0.18. XP’s dividend payout ratio (DPR) is 22.10%.

XP declared that its board has authorized a stock repurchase program on Tuesday, May 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on XP shares. Zacks Research cut XP from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. UBS Group lowered their target price 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, Weiss Ratings raised XP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

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.