Patria Investments (PAX) shares fell 17% to $9.77 following Brazil's election of Lula for a fourth term, marking a 39% discount to its 2025 price target. Despite the sharp drop, most of PAX's fee income is not tied to the Brazilian real, and costs are largely in local currency, limiting FX impact. PAX's fee-earning assets under management reached $48.9 billion, with 44% exposed to soft currencies, mainly affecting real estate and certain carry investments. The stock trades at 7 times last twelve months distributable earnings, a historic low, with a 6.7% yield. Near-term performance depends on fundraising and real estate investment trust fees, with estimated fair value between $11.00 and $13.50 per share, and downside risk to $7.70 in a severe Brazil stress scenario.
Patria Investments shares and their recent market context are provided here for readers. Of 142 priced Financials-sector US stocks tradable on Pluang, 89 rose and 49 fell today. Notable movers include PURR at USD 9.88 with a 1-day change of +8.93% and 100% buy order activity, BTBT at USD 0.91 with +8.74% change and 57% buy orders, and GEMI at USD 3.12 with +8.71% change but 100% sell orders. This data is as of Oct 28, 2026 01:21 WIB.
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