Jump Financial LLC Invests $1.53 Million in Inter & Co, Inc. (NASDAQ:INTR)

Jump Financial LLC acquired a new position in Inter & Co, Inc. (NASDAQ:INTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 362,015 shares of the company's stock, valued at approximately $1,528,000. Jump Financial LLC owned approximately 0.08% of Inter & Co, Inc. as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INTR. US Bancorp DE boosted its holdings in Inter & Co, Inc. by 6,054.6% in 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 last quarter. Savant Capital LLC bought a new stake in shares of Inter & Co, Inc. during the fourth quarter valued at about $42,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Inter & Co, Inc. by 78.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock worth $52,000 after purchasing an additional 5,500 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Inter & Co, Inc. by 17.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock valued at $68,000 after purchasing an additional 2,399 shares during the last quarter. Finally, Prudential PLC increased its stake in Inter & Co, Inc. by 27.0% in the 4th quarter. Prudential PLC now owns 18,539 shares of the company's stock worth $78,000 after purchasing an additional 3,937 shares in the last quarter. Institutional investors and hedge funds own 22.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley lowered their target price on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. decreased their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating for the company in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $6.78.

Inter & Co, Inc. Price Performance

Shares of Inter & Co, Inc. stock traded down $0.03 during trading on Friday, hitting $6.66. 948,943 shares of the company's stock traded hands, compared to its average volume of 1,908,193. The company has a market cap of $2.89 billion, a PE ratio of 17.06 and a beta of 1.24. The firm's fifty day moving average price is $5.53 and its 200 day moving average price is $5.37. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 17th were issued 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%.

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.