Teacher Retirement System of Texas Has $109,000 Stake in Inter & Co, Inc. (NASDAQ:INTR)

Teacher Retirement System of Texas decreased its holdings in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 75.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,754 shares of the company's stock after selling 77,576 shares during the quarter. Teacher Retirement System of Texas' holdings in Inter & Co, Inc. were worth $109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTR. Royal London Asset Management Ltd. acquired a new position in shares of Inter & Co, Inc. during the fourth quarter worth approximately $432,000. LBP AM SA bought a new position in Inter & Co, Inc. in the 4th quarter worth approximately $301,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in 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 worth $52,000 after buying an additional 5,500 shares in the last quarter. Amundi boosted its position in Inter & Co, Inc. by 21.2% in the 4th quarter. Amundi now owns 336,511 shares of the company's stock valued at $1,430,000 after buying an additional 58,900 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of 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 buying an additional 5,873 shares during the period. Institutional investors and hedge funds own 22.90% of the company's stock.

Wall Street Analysts Forecast Growth

INTR has been the topic of several research reports. Morgan Stanley cut their price target 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. reduced 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 research note on Friday, January 24th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.78.

Remove Ads

Inter & Co, Inc. Trading Down 6.3 %

Shares of Inter & Co, Inc. stock traded down $0.34 during trading on Monday, reaching $5.10. 3,165,992 shares of the company were exchanged, compared to its average volume of 1,845,070. The business has a 50-day moving average price of $5.44 and a 200-day moving average price of $5.45. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 13.08 and a beta of 1.24. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month 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 (EPS) 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%. Sell-side analysts anticipate that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Announces Dividend

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

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.