JPMorgan Chase & Co. trimmed its holdings in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 49.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 632,963 shares of the company's stock after selling 614,943 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of Inter & Co, Inc. worth $2,671,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of INTR. Allspring Global Investments Holdings LLC lifted its position in shares of Inter & Co, Inc. by 17.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock valued at $68,000 after acquiring an additional 2,399 shares during the period. Asset Management One Co. Ltd. increased its stake in Inter & Co, Inc. by 18.3% in the fourth 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. Skandinaviska Enskilda Banken AB publ increased its stake in Inter & Co, Inc. by 78.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock valued at $52,000 after purchasing an additional 5,500 shares in the last quarter. US Bancorp DE raised its holdings in shares of Inter & Co, Inc. by 6,054.6% during the fourth 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 during the period. Finally, Savant Capital LLC bought a new position in shares of Inter & Co, Inc. during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 22.90% of the company's stock.
Inter & Co, Inc. Stock Up 6.2 %
Shares of NASDAQ INTR opened at $6.04 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87. The company has a 50-day moving average price of $5.49 and a 200-day moving average price of $5.36. The stock has a market capitalization of $2.62 billion, a P/E ratio of 15.49 and a beta of 1.24. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84.
Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities research analysts forecast that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.
Inter & Co, Inc. Dividend Announcement
The business also recently declared an annual dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 17th were issued 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 currently 20.51%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Morgan Stanley decreased their target price 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. decreased their price objective 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 assigned a buy rating to the company's stock. According to data from MarketBeat, Inter & Co, Inc. has a consensus rating of "Moderate Buy" and an average price target of $6.78.
Get Our Latest Stock Analysis on INTR
About Inter & Co, Inc.
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding INTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Inter & Co, Inc. (NASDAQ:INTR - Free Report).
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