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. The company also offers XP Educação, an online financial education portal that offers seminars, classes, and learning tools to help teach individuals on topics, such as basics of investing, techniques, and investment strategies, as well as insurance brokerage services. In addition, it operates XP Platform, an open product platform that provides clients to access investment products in the market, including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds, and others. The company was founded in 2001 and is based in São Paulo, Brazil.
IPO Year: 2019
Exchange: NASDAQ
Website: xpinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/11/2024 | $30.00 → $21.00 | Buy → Neutral | UBS |
| 4/30/2024 | $30.00 → $23.00 | Buy → Neutral | Goldman |
| 4/23/2024 | $31.00 → $24.00 | Overweight → Equal-Weight | Morgan Stanley |
| 12/5/2023 | $27.00 → $30.00 | Neutral → Overweight | JP Morgan |
| 7/20/2023 | $15.00 → $26.00 | Underperform → Neutral | Credit Suisse |
| 6/22/2023 | Neutral → Buy | BofA Securities | |
| 2/17/2023 | $27.00 → $15.00 | Neutral → Underperform | Credit Suisse |
| 8/11/2022 | $23.00 | Overweight → Neutral | JP Morgan |
| 6/7/2022 | $37.00 → $31.00 | Neutral → Buy | UBS |
| 5/9/2022 | $31.00 → $26.00 | Neutral → Buy | Citigroup |
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XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the third quarter of 2024. Summary Operating Metrics (unaudited) 3Q24 3Q23 YoY 2Q24 QoQ Total Client Assets (in R$ bn) 1,213 1,080 12% 1,167 4% Total Net Inflow (in R$ bn) 31 48 -36% 32 -3% Annualized Retail Take Rate 1.33% 1.34% -1 bps 1.29% 4 bps Active Clients (in '000s) 4,659 4,413 6% 4,626 1%
XP Inc. (NASDAQ:XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today that its Board of Directors has approved payment of a cash dividend of US$0.65 per common share. The dividend will be payable on December 18, 2024, to shareholders of record as of December 10, 2024. About XP XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP's mission is to disintermediate the legacy models of traditional financial institutions by: Educating new classes of investors; Democratizing access to a wider range of financial services; Developing ne
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the second quarter of 2024. Summary Operating Metrics (unaudited) 2Q24 2Q23 YoY 1Q24 QoQ Total Client Assets (in R$ bn) 1,167 1,024 14% 1,141 2% Total Net Inflow (in R$ bn) 32 22 44% 15 119% Annualized Retail Take Rate 1.29% 1.30% -1 bps 1.24% 5 bps Active Clients (in '000s) 4,626 4,013 15% 4,587 1%
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the first quarter of 2024. Summary Operating Metrics (unaudited) 1Q24 1Q23 YoY 4Q23 QoQ Total Client Assets (in R$ bn) 1,141 954 20% 1,122 2% Total Net Inflow (in R$ bn) 15 16 -10% 19 -22% Annualized Retail Take Rate 1.24% 1.21% 3 bps 1.27% -3 bps Active Clients (in '000s) 4,587 3,966 16% 4,531 1%
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the fourth quarter of 2023. To our shareholders As we reflect on the journey of 2023, it's evident that the year was both challenging and transformative for XP Inc. In an environment marked by ongoing macroeconomic uncertainties and the evolving needs of our clients, we kept our commitment to innovation, quality, and growth. This year was a demonstration of our resilience, agility, and the enduring strength of our business model. Business Model Resilience Despite the still challengi
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the third quarter of 2023. Summary Operating Metrics (unaudited) 3Q23 3Q22 YoY 2Q23 QoQ Total Client Assets (in R$ bn) 1,080 925 17% 1,024 6% Total Net Inflow (in R$ bn) 48 35 38% 22 118% Annualized Retail Take Rate 1.34% 1.33% 1 bps 1.30% 4 bps Active Clients (in '000s) 4,412 3,805 16% 4,013 1
XP Inc. (NASDAQ:XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today that its Board of Directors has approved payment of a cash dividend of US$0.73 per common share. The dividend will be payable on December 22, 2023, to shareholders of record as of December 13, 2023. About XP XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP's mission is to disintermediate the legacy models of traditional financial institutions by: Educating new classes of investors; Democratizing access to a wider range of financial services; Developing ne
XP Inc. (NASDAQ:XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today that its Board of Directors has approved payment of a cash dividend. The dividend will be payable on September 25, 2023, to shareholders of record as of September 12, 2023. The total dividend paid will be US$320,000,000 or US$0.58 per common share. About XP XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP's mission is to disintermediate the legacy models of traditional financial institutions by: Educating new classes of investors; Democratizing access to a w
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the second quarter of 2023. Summary Operating Metrics (unaudited) 2Q23 2Q22 YoY 1Q23 QoQ Total Client Assets (in R$ bn) 1,024 846 21% 954 7% Total Net Inflow (in R$ bn) 22 43 -49% 16 36% Annualized Retail Take Rate 1.30% 1.40% -10 bps 1.21% 9 bps Active clients (in '000s) 4,013 3,629 11% 3,966
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the first quarter of 2023. Summary Operating Metrics (unaudited) 1Q23 1Q22 YoY 4Q22 QoQ Total Client Assets (in R$ bn) 954 873 9% 946 1% Total Net Inflow (in R$ bn) 16 46 -65% 31 -48% Annualized Retail Take Rate 1.21% 1.23% -2 bps 1.22% -1 bps Active clients (in '000s) 3,966 3,504 13% 3,877 2%
6-K - XP Inc. (0001787425) (Filer)
6-K - XP Inc. (0001787425) (Filer)
6-K - XP Inc. (0001787425) (Filer)
6-K - XP Inc. (0001787425) (Filer)
6-K - XP Inc. (0001787425) (Filer)
6-K - XP Inc. (0001787425) (Filer)
6-K - XP Inc. (0001787425) (Filer)
6-K - XP Inc. (0001787425) (Filer)
6-K - XP Inc. (0001787425) (Filer)
6-K - XP Inc. (0001787425) (Filer)
4 - XP Inc. (0001787425) (Reporting)
4 - XP Inc. (0001787425) (Reporting)
3 - XP Inc. (0001787425) (Reporting)
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the third quarter of 2024. Summary Operating Metrics (unaudited) 3Q24 3Q23 YoY 2Q24 QoQ Total Client Assets (in R$ bn) 1,213 1,080 12% 1,167 4% Total Net Inflow (in R$ bn) 31 48 -36% 32 -3% Annualized Retail Take Rate 1.33% 1.34% -1 bps 1.29% 4 bps Active Clients (in '000s) 4,659 4,413 6% 4,626 1%
XP Inc. (NASDAQ:XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today that its Board of Directors has approved payment of a cash dividend of US$0.65 per common share. The dividend will be payable on December 18, 2024, to shareholders of record as of December 10, 2024. About XP XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP's mission is to disintermediate the legacy models of traditional financial institutions by: Educating new classes of investors; Democratizing access to a wider range of financial services; Developing ne
XP Inc. (NASDAQ:XP), announced today that its board of directors has approved a new share repurchase program. Under the repurchase program, XP may repurchase up to the amount in dollars equivalent to R$1.0 billion (one billion Brazilian Reais) of its outstanding Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on November 20th, 2024 continuing until the earlier of the completion of the repurchase or November 20th 2025, depending upon market conditions. XP's board of directors will review the repurchase program periodically and may authorize adjustments to its terms and size or suspend or discontinue
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the second quarter of 2024. Summary Operating Metrics (unaudited) 2Q24 2Q23 YoY 1Q24 QoQ Total Client Assets (in R$ bn) 1,167 1,024 14% 1,141 2% Total Net Inflow (in R$ bn) 32 22 44% 15 119% Annualized Retail Take Rate 1.29% 1.30% -1 bps 1.24% 5 bps Active Clients (in '000s) 4,626 4,013 15% 4,587 1%
XP Inc. (NASDAQ:XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today that the Company's Board of Directors approved the cancellation of existing treasury Class A shares held by the Company. The Company has cancelled in this date 12,650,574 Class A shares (2.3% of total shares). Total share count went from 549,630,977 to 536,980,403 after cancellation. About XP XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP's mission is to disintermediate the legacy models of traditional financial institutions by: Educating new classes of inv
XP Inc. ("XP" or "we") (NASDAQ:XP) , a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced that on June 27, 2024 it priced an offering of US$500 million aggregate principal amount of 6.750% senior unsecured notes due 2029 (the "notes"). The notes will be guaranteed by XP Investimentos S.A. The transaction is expected to close on July 2, 2024, subject to the satisfaction of customary closing conditions. XP intends to use the net proceeds from the offering of the notes to purchase tendered 3.250% senior unsecured notes due 2026 and for general corporate purposes. The notes are being offered and sold to qualified institut
ANNOUNCEMENT TO THE MARKET SÃO PAULO, June 27, 2024 /PRNewswire/ -- XP Inc. ("XP" or "we") (NASDAQ:XP) , a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today the tender results and expiration time of its offer to purchase for cash any and all of its outstanding 3.250% Senior Unsecured Notes Due 2026 (the "Notes"), for a purchase price set forth in the table below (the "Tender Offer"). The Tender Offer is being made upon the terms and subject to the conditions (including the Financing Condition (as defined in the Offer to Purchase)) set forth in the offer to purchase dated June 20, 2024 (the "Offer to Purchase") and
XP Inc. ANNOUNCEMENT TO THE MARKET SÃO PAULO, June 20, 2024 /PRNewswire/ -- XP Inc. ("XP" or "we") (NASDAQ:XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today the commencement of an offer to purchase for cash any and all of its outstanding 3.250% Senior Unsecured Notes Due 2026 (the "Notes"), for a purchase price set forth in the table below (the "Tender Offer"). The Tender Offer is being made upon the terms and subject to the conditions (including the Financing Condition (as defined in the Offer to Purchase)) set forth in the offer to purchase dated June 20, 2024 (the "Offer to Purchase") and the related not
XP Inc. (NASDAQ:XP), announced today that its board of directors has approved a share repurchase program. Under the repurchase program, XP may repurchase up to the amount in dollars equivalent to R$1.0 billion (one billion Brazilian Reais) of its outstanding Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on May 23rd 2024 continuing until the earlier of the completion of the repurchase or December 31th 2024, depending upon market conditions. XP's board of directors will review the repurchase program periodically and may authorize adjustments to its terms and size or suspend or discontinue the repur
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the first quarter of 2024. Summary Operating Metrics (unaudited) 1Q24 1Q23 YoY 4Q23 QoQ Total Client Assets (in R$ bn) 1,141 954 20% 1,122 2% Total Net Inflow (in R$ bn) 15 16 -10% 19 -22% Annualized Retail Take Rate 1.24% 1.21% 3 bps 1.27% -3 bps Active Clients (in '000s) 4,587 3,966 16% 4,531 1%
Governance changes improve independent oversight and strategic counsel; Adding four new independent directors to create majority-independent board and enhance expertise in key areas; Forming two new committees to augment critical capabilities to support XP's growth: Risks, Credit and ESG Committee and Strategy and Performance Committee. XP Inc. (NASDAQ:XP) today announced a series of changes to its Board of Directors to increase the Board's ability to provide independent oversight and strategic counsel. These changes include (i) the creation of a majority-independent Board through the addition of new independent directors with experience in critical areas such as risk management,
Mansur is currently XP's Deputy CFO and an industry veteran who brings two decades of experience in treasury, trading, structuring, and sales roles Outgoing CFO Bruno Constantino will serve in an advisory role for a 12-month period after the transition and remain on the XP Board Head of Investor Relations André Parize appointed Chief Investor Relations Officer XP Inc. (NASDAQ:XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today announced today that Victor Mansur has been appointed Chief Financial Officer effective August 1, 2024, succeeding Bruno Constantino. Mr. Constantino will work closely with M
UBS downgraded XP from Buy to Neutral and set a new price target of $21.00 from $30.00 previously
Goldman downgraded XP from Buy to Neutral and set a new price target of $23.00 from $30.00 previously
Morgan Stanley downgraded XP from Overweight to Equal-Weight and set a new price target of $24.00 from $31.00 previously
JP Morgan upgraded XP from Neutral to Overweight and set a new price target of $30.00 from $27.00 previously
Credit Suisse upgraded XP from Underperform to Neutral and set a new price target of $26.00 from $15.00 previously
BofA Securities upgraded XP from Neutral to Buy
Credit Suisse downgraded XP from Neutral to Underperform and set a new price target of $15.00 from $27.00 previously
JP Morgan downgraded XP from Overweight to Neutral and set a new price target of $23.00
UBS upgraded XP from Neutral to Buy and set a new price target of $31.00 from $37.00 previously
Citigroup upgraded XP from Neutral to Buy and set a new price target of $26.00 from $31.00 previously
Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on XP (NASDAQ:XP) in the last three months. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 2 0 0 In the assessment of 12-month price targets, analysts unveil insights for XP, presenting an average target of $24.0, a high estimate of $27.00, and a low estimate of $21.00. This current average has decreased b
UBS analyst Thiago Batista downgrades XP (NASDAQ:XP) from Buy to Neutral and lowers the price target from $30 to $21.
XP Inc. ("XP" or "we") (NASDAQ:XP) , a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced that on June 27, 2024 it priced an offering of US$500 million aggregate principal amount of 6.750% senior unsecured notes due 2029 (the "notes"). The notes will be guaranteed by XP Investimentos S.A. The transaction is expected to close on July 2, 2024, subject to the satisfaction of customary closing conditions. XP intends to use the net proceeds from the offering of the notes to purchase tendered 3.250% senior unsecured notes due 2026 and for general corporate purposes. The notes are being offered and sold to qualified institutio
B of A Securities analyst Mario Pierry maintains XP (NASDAQ:XP) with a Buy and lowers the price target from $31 to $25.
Throughout the last three months, 4 analysts have evaluated XP (NASDAQ:XP), offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 2 0 0 3M Ago 1 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for XP, presenting an average target of $25.75, a high estimate of $29.00, and a low estimate of $23.00. A decline of 12.71% from the prior average price t
Citigroup analyst Gabriel Gusan maintains XP (NASDAQ:XP) with a Buy and lowers the price target from $29 to $27.
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XP Inc. (NASDAQ:XP), announced today that its board of directors has approved a share repurchase program. Under the repurchase program, XP may repurchase up to the amount in dollars equivalent to R$1.0 billion (one billion Brazilian Reais) of its outstanding Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on May 23rd 2024 continuing until the earlier of the completion of the repurchase or December 31th 2024, depending upon market conditions. XP's board of directors will review the repurchase program periodically and may authorize adjustments to its terms and size or suspend or discontinue the repurc
https://www.sec.gov/Archives/edgar/data/1787425/000095010324007030/dp211564_ex9901.htm
Shares of XP Inc. (NASDAQ:XP) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter EPS results. XP posted quarterly earnings of 37 cents per share, missing market estimates of 40 cents per share. The company's quarterly sales came in at $818.79 million versus expectations of $784.08 million, according to data from Benzinga Pro. XP shares dipped 11.5% to $18.99 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Akoustis Technologies, Inc. (NASDAQ:AKTS) shares climbed 213.3% to $0.4254 after the company reportedly floated the probability of bankruptcy after losing a lawsuit against Qorvo. Barnes