Royal London Asset Management Ltd. Acquires New Shares in Inter & Co, Inc. (NASDAQ:INTR)

Royal London Asset Management Ltd. bought a new stake in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 102,400 shares of the company's stock, valued at approximately $432,000.

Several other hedge funds have also recently added to or reduced their stakes in INTR. State Street Corp raised its stake 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 purchasing an additional 2,396,448 shares during the period. Swedbank AB bought a new stake in Inter & Co, Inc. during the fourth quarter worth $7,826,000. Geode Capital Management LLC grew its position in shares of Inter & Co, Inc. by 436.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company's stock valued at $11,060,000 after acquiring an additional 1,361,258 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Inter & Co, Inc. during the 3rd quarter worth about $8,311,000. Finally, Citigroup Inc. raised its holdings in shares of Inter & Co, Inc. by 4,711.6% in the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company's stock valued at $7,068,000 after purchasing an additional 1,039,232 shares during the period. Institutional investors and hedge funds own 22.90% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on INTR shares. Morgan Stanley dropped their price objective on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. dropped their price target 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 stock. According to data from MarketBeat.com, Inter & Co, Inc. has an average rating of "Moderate Buy" and a consensus target price of $6.78.

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Inter & Co, Inc. Stock Performance

NASDAQ:INTR traded down $0.10 during mid-day trading on Friday, hitting $5.65. 2,769,239 shares of the stock were exchanged, compared to its average volume of 1,819,483. The firm's 50-day simple moving average is $5.35 and its 200 day simple moving average is $5.56. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 14.49 and a beta of 1.31. 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 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 released its quarterly earnings results on Thursday, February 6th. The company reported $0.11 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 anticipate that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The business also recently announced 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 dividend payout ratio (DPR) 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.