Handelsbanken Fonder AB Increases Position in Inter & Co, Inc. (NASDAQ:INTR)

Handelsbanken Fonder AB increased its position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 59.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,500 shares of the company's stock after purchasing an additional 54,000 shares during the quarter. Handelsbanken Fonder AB's holdings in Inter & Co, Inc. were worth $610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of INTR. State Street Corp grew its holdings in Inter & Co, Inc. by 254.0% during the third quarter. State Street Corp now owns 3,339,841 shares of the company's stock worth $22,243,000 after acquiring an additional 2,396,448 shares during the period. WCM Investment Management LLC raised its position in shares of Inter & Co, Inc. by 29.0% during the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock worth $13,842,000 after purchasing an additional 742,769 shares during the last quarter. Swedbank AB purchased a new position in shares of Inter & Co, Inc. in the fourth quarter valued at approximately $7,826,000. Geode Capital Management LLC grew its holdings in shares of Inter & Co, Inc. by 436.9% during the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company's stock worth $11,060,000 after buying an additional 1,361,258 shares in the last quarter. Finally, Fourth Sail Capital LP purchased a new position in Inter & Co, Inc. in the 3rd quarter worth approximately $9,313,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating for the company in a research report on Friday, January 24th.

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Inter & Co, Inc. Trading Up 6.6 %

NASDAQ INTR traded up $0.34 on Wednesday, reaching $5.47. The stock had a trading volume of 3,128,011 shares, compared to its average volume of 2,931,265. 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 price-to-earnings ratio of 14.03 and a beta of 1.32. Inter & Co, Inc. has a 12-month low of $3.88 and a 12-month high of $7.84. The stock has a fifty day moving average price of $4.92 and a two-hundred day moving average price of $5.75.

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

Inter & Co, Inc. Dividend Announcement

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