Los Angeles Capital Management LLC Buys Shares of 328,523 Inter & Co, Inc. (NASDAQ:INTR)

Los Angeles Capital Management LLC bought a new stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 328,523 shares of the company's stock, valued at approximately $1,386,000. Los Angeles Capital Management LLC owned 0.08% of Inter & Co, Inc. at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Savant Capital LLC acquired a new stake in shares of Inter & Co, Inc. in the 4th quarter valued at about $42,000. Allspring Global Investments Holdings LLC raised 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 buying an additional 2,399 shares in the last quarter. Atom Investors LP bought a new position in Inter & Co, Inc. during the 3rd quarter worth approximately $71,000. Public Employees Retirement System of Ohio bought a new position in Inter & Co, Inc. during the 3rd quarter worth approximately $103,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Inter & Co, Inc. in the 4th quarter worth approximately $105,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their target price on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating on the stock in a report on Friday, January 24th.

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Inter & Co, Inc. Stock Performance

Shares of INTR stock traded up $0.12 during trading hours on Tuesday, reaching $5.18. The stock had a trading volume of 1,081,141 shares, compared to its average volume of 2,913,864. The firm has a market capitalization of $2.25 billion, a PE ratio of 13.22 and a beta of 1.32. The firm has a 50-day simple moving average of $4.87 and a 200-day simple moving average of $5.77. 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 announced its quarterly earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Dividend Announcement

The firm also recently announced 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. This represents a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 14th. Inter & Co, Inc.'s payout ratio is currently 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.