KBC Group NV Purchases 46,651 Shares of XP Inc. $XP

KBC Group NV raised its position in XP Inc. (NASDAQ:XP) by 37.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,436 shares of the company’s stock after acquiring an additional 46,651 shares during the quarter. KBC Group NV’s holdings in XP were worth $2,806,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of XP. EverSource Wealth Advisors LLC increased its position in XP by 65.4% during 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 period. FNY Investment Advisers LLC bought a new stake in shares of XP during the 4th quarter valued at about $34,000. Caitong International Asset Management Co. Ltd increased its position in shares of 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 period. Vestcor Inc purchased a new position in shares of XP during the third quarter valued at about $64,000. Finally, Virtus Advisers LLC bought a new position in XP in the third quarter worth about $75,000. 59.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of XP in a report on Monday, January 19th. They issued a “buy” rating and a $22.00 price objective for the company. Zacks Research upgraded XP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. UBS Group increased their target price on XP from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of XP in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, XP currently has an average rating of “Moderate Buy” and a consensus price target of $22.86.

XP Stock Performance

Shares of NASDAQ XP opened at $21.10 on Monday. XP Inc. has a 1 year low of $13.72 and a 1 year high of $23.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.36 and a quick ratio of 6.12. The firm has a 50-day moving average of $19.89 and a 200 day moving average of $18.55. The stock has a market cap of $11.34 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 0.67 and a beta of 1.26.

XP (NASDAQ:XP) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. XP had a net margin of 27.51% and a return on equity of 23.08%. The business had revenue of $806.08 million for the quarter. During the same quarter last year, the company posted $2.23 EPS. XP’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, sell-side analysts expect that XP Inc. will post 1.36 EPS for the current fiscal year.

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.