PDT Partners LLC Makes New $726,000 Investment in Inter & Co, Inc. (NASDAQ:INTR)

PDT Partners LLC bought a new stake in shares of 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. The fund bought 172,108 shares of the company's stock, valued at approximately $726,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in shares of Inter & Co, Inc. during the third quarter valued at about $8,311,000. KLP Kapitalforvaltning AS purchased a new stake in Inter & Co, Inc. in the fourth quarter worth $187,000. Bank of New York Mellon Corp boosted its holdings in shares of Inter & Co, Inc. by 15.8% during the 4th quarter. Bank of New York Mellon Corp now owns 249,851 shares of the company's stock valued at $1,054,000 after buying an additional 34,042 shares in the last quarter. WCM Investment Management LLC boosted its stake in Inter & Co, Inc. by 29.0% during the fourth quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock worth $13,842,000 after acquiring an additional 742,769 shares in the last quarter. Finally, Swedbank AB purchased a new position in shares of Inter & Co, Inc. during the fourth quarter valued at approximately $7,826,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Stock Down 0.8 %

Shares of INTR traded down $0.06 during trading hours on Wednesday, hitting $6.68. The company had a trading volume of 943,846 shares, compared to its average volume of 1,947,581. Inter & Co, Inc. has a one year low of $3.88 and a one year high of $7.84. The company's fifty day moving average price is $5.73 and its two-hundred day moving average price is $5.37. The company has a market capitalization of $2.90 billion, a PE ratio of 17.12 and a beta of 1.18. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley decreased their target price on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating for the company in a research report on Monday, March 17th. JPMorgan Chase & Co. lowered their price target 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. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently 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.