U.S. markets closed

XP Inc. (XP)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
41.39-0.11 (-0.27%)
At close: 4:00PM EDT

41.50 +0.11 (0.27%)
After hours: 7:32PM EDT

Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bullishpattern detected
Momentum

Momentum

Previous Close41.50
Open41.50
Bid40.20 x 1000
Ask41.65 x 1300
Day's Range40.38 - 41.66
52 Week Range15.50 - 52.94
Volume847,814
Avg. Volume1,203,143
Market Cap23.602B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateAug 11, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est43.53
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-82% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • GlobeNewswire

    XP Inc. Reduces Pricing for Online Trading by Eliminating Stock Brokerage Fees at Rico and Reducing XP Direct Fees by 75%

    SÃO PAULO, Brazil, Sept. 14, 2020 (GLOBE NEWSWIRE) -- XP Inc. (Nasdaq: XP), a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil, announced the elimination of brokerage fees for online stock trades at Rico, our online-only solution for self-directed investors, and a reduction of 75% at XP Direct (B2C) for the same type of trades. Guilherme Benchimol, XP’s founder and CEO commented, “democratizing investments in Brazil has been the company’s core mission since its inception in 2001. Brazilians are in the early stages of an unprecedented opportunity to diversify their investments and shift allocations, which are still concentrated in high-fee fixed income products. Our decision to reduce online brokerage fees at Rico and XP Direct is aimed at lowering barriers for millions of Brazilians to invest in XP’s high-quality product platform and content to support them in their long-term journeys.” He added, “fostering the market and facilitating access to superior alternatives is even more important in a low interest rate environment.”In terms of the impact on XP’s financials, Bruno Constantino, CFO, estimates a 2% reduction to total gross revenue based on Rico and XP Direct online equity trade revenues in 1H20. “We strongly believe that the long-term benefits to our ecosystem related to the reduction in fees will more than offset short-term financial impacts. As we saw when we successfully eliminated brokerage fees at Clear, we expect ongoing growing in Active Clients, their engagement and satisfaction and, consequently, a lower client acquisition cost.”Exhibit 1: Financial Impact1H20(in R$ mn)% of Gross Revenue XP Inc. Total Gross Revenue3,897100% Online Brokerage Commissions (Rico + XP Direct)762% Mr. Constantino continued, “furthermore, we understand that the initiative has potential to drive higher Net Inflows, AUC and cross selling opportunities across the platform to generate and grow other revenues. The strategic move will accelerate the disruption in the Brazilian financial markets led by XP, and while two million new individuals have joined the B3 over the past two years, we are still in the early stages of this. The Brazilian retail investor, with less than R$3 million, maintains around a 3% allocation to equities, which is very low. We believe that the ongoing equitization process in Brazil will accelerate and that number of individuals in the stock market could surpass 10 million in the next two to three years.” In practical terms, from September 14th onwards, self-directed online trades of stocks and BDRs at Rico and XP Direct will follow the new price table below (Exhibit 2). Pricing for trades of options, commodities and other derivatives is not impacted. Pricing for orders executed online by IFA clients and through trading desks or push notifications (IFA and Direct) is also not impacted.Exhibit 2: Pricing Old vs NewOnline Brokerage Fee (Full - No Discount)Rico - OldRico - NewXP Direct - OldXP Direct - New Day TradeR$ 7.50R$ 0.00R$ 12.00R$ 2.90 Swing TradeR$ 7.50R$ 0.00R$ 18.90R$ 4.90 We are proud that the scale and diversification that our business model reached throughout the years has allowed us to contribute to the development of the Brazilian capital market while accelerating our growth. As the leader in the equities and derivatives retail markets, we believe that XP Inc. can further consolidate its leadership position following the recently announced pricing changes. About XPXP is a leading, technology-driven financial services 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 new financial products and technology applications to empower clients; and * Providing high-quality customer service and client experience in the industry in Brazil.XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 600 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.Forward Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control.XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.For any questions, please contact:Carlos Lazar, Head of Investor RelationsInvestor Contact: ir@xpi.com.br André Martins, Investor Relations Specialist IR Website: investors.xpinc.com

  • GlobeNewswire

    XP Inc. Announces Wealth Management Partnership

    SÃO PAULO, Brazil, Sept. 11, 2020 (GLOBE NEWSWIRE) -- XP Inc. (Nasdaq: XP), a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil, announced today that the company has formed a partnership in the Wealth Management segment with a group of experienced private bankers that are former executives of Credit Suisse Hedging-Griffo. XP Inc. will hold a 49.9% minority stake in the company, with the transaction complementing the existing offering to ultra-high-net-worth individuals. Further, the partnership reinforces XP’s mission of attracting talented and long-term oriented entrepreneurs to our ecosystem.The team’s expertise in Wealth Management combined with XP’s wide range of products and complementary services, including capital markets, structured products and collateralized credit present opportunities to further exploit synergies and optimize clients’ portfolios. The company will start operations as soon as the executives comply with non-compete agreements with their former employer.Private Banking is one of the key markets that management has targeted for further expansion by leveraging the company’s continuous improvement in its product platform and best-in-class customer service. According to the latest Anbima data, in July 2020 the Brazilian Private Banking market (individuals or groups with more than R$3 million in investments) accounted for R$1.4 trillion in total assets. XP Inc. will continue to actively seek opportunities in all markets to partner with companies and entrepreneurs that share XP’s purpose and values and can add meaningful value to the business over time.According to Guilherme Benchimol, XP´s founder and CEO, “This unique transaction allows us to partner with successful professionals with a proven track record in the Brazilian Private Banking market. We are confident that this initiative will strengthen our platform and further disrupt the Private Banking segment, which is still very concentrated in Brazil.”About XPXP is a leading, technology-driven financial services 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 new financial products and technology applications to empower clients; and * Providing high-quality customer service and client experience in the industry in Brazil.XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 600 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.Forward Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control.XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.For any questions, please contact:     Carlos Lazar, Head of Investor RelationsInvestor Contact: ir@xpi.com.br  André Martins, Investor Relations Specialist IR Website: investors.xpinc.com

  • Dow Jones Rallies, Nasdaq Hits Fresh High As Trump Tweets 'Very Good News'
    Investor's Business Daily

    Dow Jones Rallies, Nasdaq Hits Fresh High As Trump Tweets 'Very Good News'

    The Dow Jones Industrial Average rallied nearly 300 points midday, while the S&P; 500 and Nasdaq marked record highs.