Inter & Co, Inc. (NASDAQ:INTR) Shares Bought by Legal & General Group Plc

Legal & General Group Plc lifted its stake in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,163,752 shares of the company's stock after acquiring an additional 61,219 shares during the quarter. Legal & General Group Plc owned approximately 0.27% of Inter & Co, Inc. worth $4,911,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State Street Corp boosted its holdings in shares of Inter & Co, Inc. by 254.0% in the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company's stock valued at $22,243,000 after buying an additional 2,396,448 shares in the last quarter. Swedbank AB acquired a new stake in shares of Inter & Co, Inc. during the 4th quarter valued at about $7,826,000. Geode Capital Management LLC raised its position in 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 acquiring an additional 1,361,258 shares during the period. JPMorgan Chase & Co. purchased a new stake in Inter & Co, Inc. during the 3rd quarter worth approximately $8,311,000. Finally, WCM Investment Management LLC grew its holdings in shares of Inter & Co, Inc. by 29.0% during the fourth quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock worth $13,842,000 after buying an additional 742,769 shares in the last quarter. Institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Stock Up 5.9 %

NASDAQ INTR traded up $0.37 on Thursday, hitting $6.68. 2,991,149 shares of the stock were exchanged, compared to its average volume of 1,906,567. The company has a 50-day moving average price of $5.50 and a 200-day moving average price of $5.37. Inter & Co, Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $7.84. 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 company has a market cap of $2.90 billion, a PE ratio of 17.13 and a beta of 1.24.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, beating 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%. Sell-side analysts anticipate that Inter & Co, Inc. will post 0.48 EPS 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. Investors of record on Monday, February 17th were given a $0.08 dividend. The ex-dividend date was Friday, February 14th. This represents a yield of 0.5%. Inter & Co, Inc.'s dividend payout ratio (DPR) is 20.51%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on INTR. Morgan Stanley cut 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. cut their price target 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. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, Inter & Co, Inc. has an average 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.