XP slides as investors digest softer inflows, take-rate pressure, and CFO transition news

XP Inc. (XP) is down 6.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a post-earnings reassessment after XP’s May 18, 2026 first-quarter update showed slower net inflows and a lower retail take rate versus the prior year, even as revenue and profit grew year over year. The same week also included a planned CFO transition, which can add uncertainty around near-term execution and messaging.

Details:

XP’s 1Q26 release showed total net inflow of R$14 billion versus R$24 billion in 1Q25, while total client assets rose to R$1,529 billion (up 15% year over year).

The annualized retail take rate declined to 1.18% from 1.25% a year ago, signaling some mix/fee pressure despite higher trading activity.

Management announced a CFO succession: Victor Andreu Mansur Farinassi is set to step down effective May 31, 2026, with CEO Thiago Maffra serving as interim CFO until Gustavo Alejo Viviani takes over on August 3, 2026.

XP also approved a US$0.20 per-share dividend payable June 18, 2026, and authorized a new share repurchase program of up to R$1.0 billion running from May 19, 2026 to May 20, 2027.

Sources:

Business Wire, U.S. SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$XP Hedge Fund Activity

We have seen 213 institutional investors add shares of $XP stock to their portfolio, and 173 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 18,393,743 shares (-49.1%) from their portfolio in Q1 2026, for an estimated $350,216,866
ATMOS CAPITAL GESTAO DE RECURSOS LTDA. removed 7,865,022 shares (-76.8%) from their portfolio in Q1 2026, for an estimated $149,750,018
SCHRODER INVESTMENT MANAGEMENT GROUP removed 7,064,286 shares (-99.5%) from their portfolio in Q1 2026, for an estimated $134,504,005
PRICE T ROWE ASSOCIATES INC /MD/ added 5,434,897 shares (+2743.5%) to their portfolio in Q1 2026, for an estimated $103,480,438
CAPITAL RESEARCH GLOBAL INVESTORS added 5,001,182 shares (+inf%) to their portfolio in Q1 2026, for an estimated $95,222,505
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 4,139,948 shares (-35.1%) from their portfolio in Q1 2026, for an estimated $78,824,609
CANADA PENSION PLAN INVESTMENT BOARD removed 3,907,937 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $63,972,928

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$XP Analyst Ratings

Wall Street analysts have issued reports on $XP in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Jefferies issued a "Buy" rating on 01/20/2026
UBS issued a "Buy" rating on 12/16/2025

To track analyst ratings and price targets for $XP, check out Quiver Quantitative's $XP forecast page.

$XP Price Targets

Multiple analysts have issued price targets for $XP recently. We have seen 2 analysts offer price targets for $XP in the last 6 months, with a median target of $25.0.

Here are some recent targets:

Thiago Batista from UBS set a target price of $28.0 on 04/02/2026
Diego Pereira from Jefferies set a target price of $22.0 on 01/20/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.