Amundi Acquires 58,900 Shares of Inter & Co, Inc. (NASDAQ:INTR)

Amundi increased its holdings in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 21.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,511 shares of the company's stock after buying an additional 58,900 shares during the quarter. Amundi owned about 0.08% of Inter & Co, Inc. worth $1,430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its holdings in Inter & Co, Inc. by 17.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock worth $68,000 after buying an additional 2,399 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Inter & Co, Inc. by 18.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company's stock valued at $150,000 after purchasing an additional 5,475 shares in the last quarter. US Bancorp DE boosted its stake in Inter & Co, Inc. by 6,054.6% during the 4th quarter. US Bancorp DE now owns 5,970 shares of the company's stock valued at $25,000 after purchasing an additional 5,873 shares in the last quarter. Savant Capital LLC bought a new position in Inter & Co, Inc. during the 4th quarter valued at $42,000. Finally, Atom Investors LP bought a new position in Inter & Co, Inc. during the 3rd quarter valued at $71,000. 22.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INTR has been the subject of several research reports. Morgan Stanley reduced their price objective on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. reduced their target price on Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $6.78.

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Inter & Co, Inc. Stock Down 1.4 %

Shares of NASDAQ:INTR traded down $0.08 during midday trading on Friday, hitting $5.78. 1,460,872 shares of the stock were exchanged, compared to its average volume of 1,764,061. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. Inter & Co, Inc. has a 52-week low of $3.88 and a 52-week high of $7.84. The business's fifty day simple moving average is $5.25 and its two-hundred day simple moving average is $5.60. The company has a market capitalization of $2.51 billion, a PE ratio of 14.82 and a beta of 1.31.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. As a group, research analysts predict that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 17th were given a dividend of $0.08 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 14th. Inter & Co, Inc.'s dividend payout ratio (DPR) is presently 20.51%.

About Inter & Co, Inc.

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application.