JPMorgan Chase & Co. Sells 614,943 Shares of Inter & Co, Inc. (NASDAQ:INTR)

JPMorgan Chase & Co. trimmed its stake in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 49.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 632,963 shares of the company's stock after selling 614,943 shares during the period. JPMorgan Chase & Co. owned about 0.15% of Inter & Co, Inc. worth $2,671,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Inter & Co, Inc. by 6.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246,174 shares of the company's stock valued at $985,000 after purchasing an additional 14,192 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Inter & Co, Inc. during the fourth quarter valued at $187,000. American Century Companies Inc. lifted its holdings in shares of Inter & Co, Inc. by 9.3% during the fourth quarter. American Century Companies Inc. now owns 216,890 shares of the company's stock valued at $915,000 after purchasing an additional 18,422 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Inter & Co, Inc. by 46.6% during the fourth quarter. Quantbot Technologies LP now owns 308,018 shares of the company's stock valued at $1,300,000 after purchasing an additional 97,928 shares during the last quarter. Finally, Royal London Asset Management Ltd. purchased a new stake in shares of Inter & Co, Inc. during the fourth quarter valued at $432,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Inter & Co, Inc. Stock Down 1.2 %

NASDAQ:INTR traded down $0.08 during trading hours on Monday, hitting $6.59. 1,496,697 shares of the company's stock traded hands, compared to its average volume of 1,923,726. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. The stock's fifty day moving average price is $5.58 and its two-hundred day moving average price is $5.36. The firm has a market cap of $2.86 billion, a P/E ratio of 16.90 and a beta of 1.24.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings results 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 return on equity of 10.06% 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. Dividend Announcement

The firm also recently disclosed 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. This represents a yield of 0.5%. The ex-dividend date was Friday, February 14th. Inter & Co, Inc.'s payout ratio 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.