Alliancebernstein L.P. 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 309,564 shares of the company's stock, valued at approximately $1,306,000. Alliancebernstein L.P. owned 0.07% of Inter & Co, Inc. at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp raised its holdings in Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company's stock valued at $22,243,000 after acquiring an additional 2,396,448 shares during the period. WCM Investment Management LLC grew its position in shares of Inter & Co, Inc. by 29.0% during the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock valued at $13,842,000 after purchasing an additional 742,769 shares in the last quarter. Swedbank AB purchased a new position in shares of Inter & Co, Inc. during the 4th quarter valued at $7,826,000. Geode Capital Management LLC grew its position in shares of Inter & Co, Inc. by 436.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company's stock valued at $11,060,000 after purchasing an additional 1,361,258 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Inter & Co, Inc. in the third quarter worth $8,311,000. Institutional investors own 22.90% of the company's stock.
Inter & Co, Inc. Trading Up 2.5 %
Shares of NASDAQ:INTR traded up $0.16 during midday trading on Thursday, hitting $6.47. 202,318 shares of the stock traded hands, compared to its average volume of 1,895,667. The stock has a market capitalization of $2.81 billion, a PE ratio of 16.58 and a beta of 1.24. The business's 50 day moving average is $5.50 and its two-hundred day moving average is $5.37. 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 one year low of $3.88 and a one year high of $7.84.
Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current year.
Inter & Co, Inc. Announces Dividend
The company also recently declared an annual dividend, which was paid on Wednesday, February 26th. Investors 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%.
Wall Street Analyst Weigh In
INTR has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of 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. cut their price target on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating for the company in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $6.78.
Check Out Our Latest Research Report on INTR
About Inter & Co, Inc.
(
Free Report)
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.
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