SPX Gestao de Recursos Ltda Has $786,000 Stock Position in Inter & Co, Inc. (NASDAQ:INTR)

SPX Gestao de Recursos Ltda decreased its position in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 78.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,349 shares of the company's stock after selling 697,615 shares during the quarter. SPX Gestao de Recursos Ltda's holdings in Inter & Co, Inc. were worth $786,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE increased its position in Inter & Co, Inc. by 6,054.6% during the fourth quarter. US Bancorp DE now owns 5,970 shares of the company's stock worth $25,000 after acquiring an additional 5,873 shares during the period. Savant Capital LLC bought a new position in Inter & Co, Inc. during the fourth quarter worth $42,000. Atom Investors LP acquired a new stake in Inter & Co, Inc. during the third quarter worth $71,000. Public Employees Retirement System of Ohio acquired a new stake in Inter & Co, Inc. during the third quarter worth $103,000. Finally, Allspring Global Investments Holdings LLC boosted 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 worth $68,000 after buying an additional 2,399 shares in the last quarter. Institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Price Performance

Shares of NASDAQ:INTR traded up $0.36 on Friday, hitting $5.91. The stock had a trading volume of 2,338,562 shares, compared to its average volume of 2,806,773. 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 quick ratio of 0.87 and a current ratio of 0.85. The firm's 50 day moving average price is $5.06 and its 200-day moving average price is $5.67. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 15.15 and a beta of 1.31.

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Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its 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%. On average, equities research analysts predict that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Announces Dividend

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased 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.

About Inter & Co, Inc.

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.