|Over a week ago|
XP Inc. price target lowered to $24 from $26 at Citi » 06:2211/1711/17/22
Citi analyst Gabriel…
Citi analyst Gabriel Gusan lowered the firm's price target on XP Inc. to $24 from $26 and keeps a Buy rating on the shares. The analyst continues to like the long-term perspectives for the business and expects the company to continue gaining share of wallet and improving monetization of the client base. He says the stock's valuation still looks attractive.
XP Inc. to purchase 5.5M shares from Itausa for $105M » 07:3311/1011/10/22
XP Inc. announced that it…
XP Inc. announced that it has signed a share purchase agreement with Itausa S.A. Under this agreement, XP will purchase 5,500,000 outstanding Class A common shares from Itausa S.A., equivalent to approximately $105M, in the same conditions for which Itausa sold 10,000,000 Class A shares on November 9. XP should utilize its existing cash to fund this share repurchase and the shares should be held in treasury. This transaction is not part of the share repurchase program announced by XP on May 11.
Fly Intel: After-Hours Movers » 17:3711/0811/08/22
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Check out this evening's…
XP Inc. increases buyback program by R$1B » 16:4511/0811/08/22
XP Inc. announced a R$1B…
XP Inc. announced a R$1B increase in the program opened in last May. "As partners whose personal holdings are concentrated in XP Inc. shares and that are confident with its success, we are 100% aligned with all our shareholders," the company said. "We look forward to dividends, new share buybacks and greater returns for our business, preserving our management and risk principles which are vital to long-term, sustainable success."
XP Inc. reports Q3 EPS R$1.85 vs R$1.67 last year » 16:4011/0811/08/22
Reports Q3 revenue…
Reports Q3 revenue R$3.62M vs R$3.17M last year. "Despite the changes in the macroeconomic scenario in recent quarters, the number and size of opportunities in front of us have continued to grow," the company said. "We have never lost sight of the big picture, which is our purpose and what we need to strive for everyday in order to succeed on this long-term journey. Our primary focus is to transform the investment market, providing access to products and services that help our clients build a better future. However, until a few years ago, only customers from premium segments had access to such offerings. Today, we are proud to deliver this experience to all investors, with no net worth restrictions. We believe that investment services are based on trust and relationships, while other transactional services do not demand such a strong bond with clients. Hence, our strategy is to augment credibility, gain clients' confidence and, consequently, connect them to a complete ecosystem of financial solutions, aligned with their long-term goals. In a nutshell, we work very hard for the right to be the top-of-mind financial services provider for Brazilian investors. With the addition of complementary services such as credit, insurance, payments, among others, we have strengthened our value proposition within Investments, creating a virtuous cycle in the relationship with customers. We noticed higher client engagement in cohorts with a greater number of products, with an increase in share of wallet and unit economics, a reduction in churn and, most importantly, greater satisfaction."
|Over a month ago|
XP Inc call volume above normal and directionally bullish » 13:4510/2110/21/22
Bullish option flow…
Bullish option flow detected in XP Inc with 8,262 calls trading, 1.6x expected, and implied vol increasing over 1 point to 75.97%. Dec-22 22 calls and Nov-22 20 calls are the most active options, with total volume in those strikes near 7,500 contracts. The Put/Call Ratio is 0.01. Earnings are expected on November 8th.
XP Inc. reports Q3 total net inflow R$35B, down 7% y/y » 17:4710/2010/20/22
XP Inc. announced its Q3…
XP Inc. announced its Q3 KPIs. Client Assets were R$925B as of September 30, up 17% YoY and 9% QoQ. Year-over-year growth was driven by R$172B net inflows and R$37B of market depreciation. Active clients grew 5% QoQ and 15% YoY, totaling 3.8M in Q3.
XP Inc. 6.5M share Block Trade priced at $19.95 » 08:1210/0410/04/22
The deal priced at the…
The deal priced at the high-end of $19.75-$19.95 range. Morgan Stanley acted as sole book running manager for the offering.
XP Inc. 6.5M share Block Trade; price range $19.75-$19.95 » 06:0010/0410/04/22
Morgan Stanley is acting…
Morgan Stanley is acting as sole book running manager for the offering.
XP Inc call volume above normal and directionally bullish » 15:2509/2309/23/22
Bullish option flow…
Bullish option flow detected in XP Inc with 12,783 calls trading, 6x expected, and implied vol increasing over 4 points to 70.06%. Dec-22 30 calls and Dec-22 20 calls are the most active options, with total volume in those strikes near 11,200 contracts. The Put/Call Ratio is 0.00. Earnings are expected on November 8th.