Resona Asset Management Co. Ltd. acquired a new position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 61,372 shares of the company's stock, valued at approximately $259,000.
Several other large investors have also recently made changes to their positions in INTR. US Bancorp DE lifted its holdings in 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 purchasing an additional 5,873 shares in the last quarter. Savant Capital LLC purchased a new position in shares of Inter & Co, Inc. in the fourth quarter worth about $42,000. Skandinaviska Enskilda Banken AB publ boosted its position 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 acquiring an additional 5,500 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Inter & Co, Inc. by 17.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock valued at $68,000 after acquiring an additional 2,399 shares in the last quarter. Finally, Prudential PLC raised its holdings in Inter & Co, Inc. by 27.0% in the 4th quarter. Prudential PLC now owns 18,539 shares of the company's stock valued at $78,000 after acquiring an additional 3,937 shares during the last quarter. 22.90% of the stock is currently owned by hedge funds and other institutional investors.
Inter & Co, Inc. Trading Up 1.9 %
NASDAQ INTR traded up $0.11 during trading hours on Thursday, reaching $5.75. The company had a trading volume of 430,854 shares, compared to its average volume of 1,876,719. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.49 billion, a P/E ratio of 14.73 and a beta of 1.24. The stock has a 50-day moving average of $5.45 and a 200 day moving average of $5.38. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84.
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 net margin of 11.74% and a return on equity of 10.06%. As a group, research analysts anticipate that Inter & Co, Inc. will post 0.48 earnings per share 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. Shareholders of record on Monday, February 17th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, February 14th. This represents a yield of 0.5%. Inter & Co, Inc.'s dividend payout ratio (DPR) is presently 20.51%.
Wall Street Analyst Weigh In
INTR has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Morgan Stanley lowered 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 report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $6.78.
Get Our Latest Analysis on Inter & Co, Inc.
About Inter & Co, Inc.
(
Free Report)
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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