Inter & Co, Inc. (NASDAQ:INTR) Shares Bought by Marshall Wace LLP

Marshall Wace LLP raised its position in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 96.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,946,200 shares of the company's stock after acquiring an additional 957,361 shares during the quarter. Marshall Wace LLP owned approximately 0.45% of Inter & Co, Inc. worth $8,213,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of INTR. Swedbank AB acquired a new position in Inter & Co, Inc. in the 4th quarter valued at about $7,826,000. Geode Capital Management LLC boosted its stake in shares of Inter & Co, Inc. by 436.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company's stock valued at $11,060,000 after buying an additional 1,361,258 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Inter & Co, Inc. in the 3rd quarter valued at about $8,311,000. WCM Investment Management LLC boosted its stake in shares of Inter & Co, Inc. by 29.0% in the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock valued at $13,842,000 after buying an additional 742,769 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Inter & Co, Inc. in the 4th quarter valued at about $1,528,000. 22.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities 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 for the company in a research note on Friday, January 24th. Morgan Stanley cut their price objective on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Inter & Co, Inc. has a consensus rating of "Moderate Buy" and a consensus price target of $6.78.

Inter & Co, Inc. Stock Down 1.2 %

Shares of NASDAQ INTR traded down $0.08 during mid-day trading on Monday, reaching $6.59. The company had a trading volume of 1,496,697 shares, compared to its average volume of 1,923,726. The stock has a market cap of $2.86 billion, a P/E ratio of 16.90 and a beta of 1.24. The firm has a 50 day simple moving average of $5.58 and a two-hundred day simple moving average of $5.36. 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. has a 52-week low of $3.88 and a 52-week high of $7.84.

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 for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. Sell-side analysts predict that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 17th were paid 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 dividend payout ratio is currently 20.51%.

About Inter & Co, Inc.

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.