XTX Topco Ltd Takes $502,000 Position in Inter & Co, Inc. (NASDAQ:INTR)

XTX Topco Ltd bought a new stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 119,047 shares of the company's stock, valued at approximately $502,000.

Several other institutional investors have also added to or reduced their stakes in INTR. Mariner LLC bought a new stake in shares of Inter & Co, Inc. in the 4th quarter worth $211,000. APG Asset Management N.V. lifted its position in shares of Inter & Co, Inc. by 22.0% during the 4th quarter. APG Asset Management N.V. now owns 35,500 shares of the company's stock valued at $145,000 after buying an additional 6,400 shares in the last quarter. Legal & General Group Plc boosted its holdings in Inter & Co, Inc. by 5.6% in the 4th quarter. Legal & General Group Plc now owns 1,163,752 shares of the company's stock worth $4,911,000 after buying an additional 61,219 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in shares of Inter & Co, Inc. during the fourth quarter worth about $259,000. Finally, Prudential PLC raised its stake in Inter & Co, Inc. by 27.0% during the 4th quarter. Prudential PLC now owns 18,539 shares of the company's stock valued at $78,000 after purchasing an additional 3,937 shares during the period. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co, Inc. Price Performance

Shares of Inter & Co, Inc. stock traded down $0.07 during trading hours on Friday, reaching $6.62. 856,157 shares of the company's stock were exchanged, compared to its average volume of 1,907,688. The company has a market capitalization of $2.87 billion, a P/E ratio of 16.96 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 1 year low of $3.88 and a 1 year high of $7.84. The business has a fifty day moving average of $5.53 and a two-hundred day moving average of $5.37.

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 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 predict 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 was paid on Wednesday, February 26th. Stockholders of record on Monday, February 17th were given a dividend of $0.08 per share. 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

Several analysts have recently issued reports on INTR shares. JPMorgan Chase & Co. decreased their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating on the stock in a report on Friday, January 24th. Morgan Stanley decreased their price objective on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating for the company in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Inter & Co, Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.78.

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.