Inter & Co, Inc. (NASDAQ:INTR) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 438,300 shares of the company's stock after selling 109,600 shares during the period. Swiss National Bank owned 0.10% of Inter & Co, Inc. worth $1,850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Citigroup Inc. increased its position in Inter & Co, Inc. by 4,711.6% during the third quarter. Citigroup Inc. now owns 1,061,289 shares of the company's stock worth $7,068,000 after purchasing an additional 1,039,232 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at approximately $163,000. Quantbot Technologies LP increased its holdings in shares of Inter & Co, Inc. by 1,011.4% during the 3rd quarter. Quantbot Technologies LP now owns 210,090 shares of the company's stock worth $1,399,000 after buying an additional 191,186 shares during the last quarter. Freedom Investment Management Inc. acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $575,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at approximately $427,000. Institutional investors and hedge funds own 22.90% of the company's stock.

Wall Street Analysts Forecast Growth

INTR has been the subject of several analyst reports. Morgan Stanley lowered their price objective 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. lowered their price target 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 research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.78.

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Inter & Co, Inc. Stock Performance

Inter & Co, Inc. stock remained flat at $5.52 during trading on Wednesday. 1,222,289 shares of the company traded hands, compared to its average volume of 1,819,384. The stock has a market cap of $2.40 billion, a PE ratio of 14.15 and a beta of 1.31. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a 12-month low of $3.88 and a 12-month high of $7.84. The company has a fifty day simple moving average of $5.41 and a 200 day simple moving average of $5.50.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.11 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%. As a group, analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 17th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a yield of 0.5%. 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.