Inter & Co, Inc. (NASDAQ:INTR) Position Decreased by BIT Capital GmbH

BIT Capital GmbH decreased its position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 48.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 598,629 shares of the company's stock after selling 569,070 shares during the period. BIT Capital GmbH owned 0.14% of Inter & Co, Inc. worth $2,526,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTR. Citigroup Inc. boosted its holdings in Inter & Co, Inc. by 4,711.6% in the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company's stock valued at $7,068,000 after purchasing an additional 1,039,232 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Inter & Co, Inc. during the third quarter worth $8,311,000. Geode Capital Management LLC raised its position in Inter & Co, Inc. by 436.9% in the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company's stock worth $11,060,000 after acquiring an additional 1,361,258 shares in the last quarter. Public Sector Pension Investment Board purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth $1,373,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Inter & Co, Inc. during the 3rd quarter worth $4,874,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INTR. Morgan Stanley dropped their price target on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating for the company in a research report on Monday, March 17th. JPMorgan Chase & Co. reduced their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating on the stock in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $6.78.

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Inter & Co, Inc. Trading Down 2.9 %

Shares of INTR stock traded down $0.17 during mid-day trading on Monday, reaching $5.49. The company's stock had a trading volume of 462,052 shares, compared to its average volume of 2,631,384. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.38 billion, a PE ratio of 14.06 and a beta of 1.31. The company's 50 day simple moving average is $5.37 and its 200-day simple moving average is $5.52. Inter & Co, Inc. has a 12-month low of $3.88 and a 12-month high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Dividend Announcement

The business also recently announced an annual dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 17th were given a $0.08 dividend. This represents a dividend yield of 0.5%. The ex-dividend date was Friday, February 14th. Inter & Co, Inc.'s payout ratio is currently 20.51%.

Inter & Co, Inc. Company Profile

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.