Marshall Wace LLP Raises Stock Position in Inter & Co, Inc. (NASDAQ:INTR)

Marshall Wace LLP boosted its position in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 96.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,946,200 shares of the company's stock after purchasing an additional 957,361 shares during the quarter. Marshall Wace LLP owned about 0.45% of Inter & Co, Inc. worth $8,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of INTR. US Bancorp DE raised its position in shares of Inter & Co, Inc. by 6,054.6% in the fourth quarter. US Bancorp DE now owns 5,970 shares of the company's stock worth $25,000 after buying an additional 5,873 shares in the last quarter. Savant Capital LLC purchased a new stake in shares of Inter & Co, Inc. in the 4th quarter valued at about $42,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Inter & Co, Inc. by 78.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock valued at $52,000 after acquiring an additional 5,500 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $68,000 after purchasing an additional 2,399 shares in the last quarter. Finally, Prudential PLC increased its position in shares of Inter & Co, Inc. by 27.0% in the fourth quarter. Prudential PLC now owns 18,539 shares of the company's stock worth $78,000 after purchasing an additional 3,937 shares during the last quarter. 22.90% of the stock is owned by institutional investors.

Inter & Co, Inc. Price Performance

Shares of INTR opened at $6.04 on Wednesday. Inter & Co, Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $7.84. The firm's 50-day simple moving average is $5.49 and its two-hundred day simple moving average is $5.36. The stock has a market cap of $2.62 billion, a PE ratio of 15.49 and a beta of 1.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85.

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

Inter & Co, Inc. Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley cut their price target on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. reduced their target price on 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 company. Based on data from MarketBeat.com, Inter & Co, Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $6.78.

Inter & Co, Inc. 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.

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