WCM Investment Management LLC Acquires 742,769 Shares of Inter & Co, Inc. (NASDAQ:INTR)

WCM Investment Management LLC boosted its stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,303,578 shares of the company's stock after purchasing an additional 742,769 shares during the period. WCM Investment Management LLC owned approximately 0.76% of Inter & Co, Inc. worth $13,842,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Swedbank AB bought a new stake in Inter & Co, Inc. in the 4th quarter worth approximately $7,826,000. FNY Investment Advisers LLC bought a new stake in Inter & Co, Inc. in the 4th quarter worth approximately $105,000. JPMorgan Chase & Co. bought a new stake in Inter & Co, Inc. in the 3rd quarter worth approximately $8,311,000. Geode Capital Management LLC grew its position in 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 worth $11,060,000 after purchasing an additional 1,361,258 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at $103,000. Institutional investors own 22.90% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating for the company in a research note on Friday, January 24th.

Inter & Co, Inc. Price Performance

INTR stock traded up $0.10 during trading on Thursday, reaching $5.37. The company's stock had a trading volume of 1,540,777 shares, compared to its average volume of 2,077,079. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.33 billion, a P/E ratio of 13.77 and a beta of 1.32. The company's fifty day moving average is $4.63 and its 200-day moving average is $5.89.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.10% and a net margin of 11.74%. On average, research analysts expect 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 disclosed an annual dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 17th will be issued a dividend of $0.08 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, February 14th. Inter & Co, Inc.'s dividend payout ratio (DPR) is presently 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.