JPMorgan Chase & Co. Acquires 1,121,566 Shares of Inter & Co. Inc. $INTR

Key Points

• JPMorgan Chase & Co. acquired 1,121,566 shares of Inter & Co. in the 3rd quarter, raising its stake to 1,123,143 shares (about 0.26% of the company) worth roughly $10.37 million — a reported 71,120.2% increase.
• INTR stock opened at $7.71 and was trading down 6.3%, with a market cap of $3.39 billion, a P/E of 14.28, and a 52‑week range of $4.86 to $10.36.
• Inter reported $0.16 EPS (beating the $0.15 estimate) but missed revenue expectations, raised its annual dividend to $0.1131 (article cites a 122.0% yield), and carries a consensus “Moderate Buy” rating with an average target of $10.67.

JPMorgan Chase & Co. lifted its stake in Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 71,120.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,123,143 shares of the company's stock after acquiring an additional 1,121,566 shares during the period. JPMorgan Chase & Co. owned approximately 0.26% of Inter & Co. Inc. worth $10,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC bought a new stake in Inter & Co. Inc. in the 3rd quarter valued at $35,000. Scotia Capital Inc. acquired a new stake in Inter & Co. Inc. in the 2nd quarter worth $99,000. OMERS ADMINISTRATION Corp bought a new position in shares of Inter & Co. Inc. during the 2nd quarter worth about $179,000. Russell Investments Group Ltd. acquired a new position in shares of Inter & Co. Inc. during the second quarter valued at about $188,000. Finally, Dark Forest Capital Management LP raised its position in shares of Inter & Co. Inc. by 74.2% during the third quarter. Dark Forest Capital Management LP now owns 26,918 shares of the company's stock valued at $248,000 after buying an additional 11,465 shares during the last quarter. Institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Trading Down 6.3%

Shares of INTR stock opened at $7.71 on Friday. The firm has a fifty day moving average of $8.73 and a 200-day moving average of $8.80. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 0.33 and a beta of 1.18. Inter & Co. Inc. has a 52-week low of $4.86 and a 52-week high of $10.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.89.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Wednesday, February 11th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Inter & Co. Inc. had a net margin of 12.01% and a return on equity of 13.54%. The business had revenue of $404.31 million for the quarter, compared to analyst estimates of $441.78 million. On average, equities research analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co. Inc. Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, March 5th. Stockholders of record on Sunday, February 22nd were paid a $0.1131 dividend. The ex-dividend date was Friday, February 20th. This represents a dividend yield of 122.0%. This is an increase from Inter & Co. Inc.'s previous annual dividend of $0.08. Inter & Co. Inc.'s dividend payout ratio is currently 20.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on INTR shares. Wall Street Zen cut shares of Inter & Co. Inc. from a "buy" rating to a "hold" rating in a research note on Saturday. UBS Group reaffirmed a "buy" rating and issued a $12.00 price target on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $10.67.

Inter & Co. Inc. 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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.

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