Lbp Am Sa Purchases New Position in Inter & Co, Inc. (NASDAQ:INTR)

LBP AM SA bought a new position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 71,301 shares of the company's stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in shares of Inter & Co, Inc. by 6,054.6% in the 4th quarter. US Bancorp DE now owns 5,970 shares of the company's stock valued at $25,000 after buying an additional 5,873 shares in the last quarter. Savant Capital LLC purchased a new position in shares of Inter & Co, Inc. in the 4th quarter valued at approximately $42,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of Inter & Co, Inc. by 78.6% in the 4th 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 during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Inter & Co, Inc. by 17.6% in the 4th 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, Atom Investors LP purchased a new position in shares of Inter & Co, Inc. in the 3rd quarter valued at approximately $71,000. 22.90% of the stock is currently owned by institutional investors.

Inter & Co, Inc. Trading Down 0.7 %

INTR traded down $0.04 on Thursday, hitting $5.86. The company had a trading volume of 2,318,770 shares, compared to its average volume of 1,757,748. The firm has a market cap of $2.54 billion, a P/E ratio of 15.03 and a beta of 1.31. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84. The company's fifty day moving average price is $5.19 and its 200 day moving average price is $5.61. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.

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Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly 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 net margin of 11.74% and a return on equity of 10.06%. As a group, equities analysts expect that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on INTR shares. JPMorgan Chase & Co. dropped 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. Morgan Stanley dropped their price target on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Inter & Co, Inc. currently has a consensus rating of "Moderate Buy" and an average target price of $6.78.

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.