Tredje AP fonden Buys Shares of 1,340,387 Inter & Co. Inc. $INTR

Tredje AP fonden purchased a new stake in shares of Inter & Co. Inc. (NASDAQ:INTR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,340,387 shares of the company’s stock, valued at approximately $12,372,000. Tredje AP fonden owned 0.30% of Inter & Co. Inc. as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in INTR. GSA Capital Partners LLP boosted its holdings in shares of Inter & Co. Inc. by 101.6% in the third quarter. GSA Capital Partners LLP now owns 57,243 shares of the company’s stock worth $528,000 after buying an additional 28,854 shares during the last quarter. JPMorgan Chase & Co. raised its position in Inter & Co. Inc. by 71,120.2% in the third quarter. JPMorgan Chase & Co. now owns 1,123,143 shares of the company’s stock worth $10,367,000 after acquiring an additional 1,121,566 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Inter & Co. Inc. by 233.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 506,817 shares of the company’s stock worth $4,678,000 after acquiring an additional 355,001 shares during the last quarter. Candriam S.C.A. grew its position in shares of Inter & Co. Inc. by 1.7% during the 3rd quarter. Candriam S.C.A. now owns 1,454,000 shares of the company’s stock valued at $13,420,000 after acquiring an additional 24,000 shares during the period. Finally, WCM Investment Management LLC increased its stake in shares of Inter & Co. Inc. by 21.3% in the 3rd quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock worth $98,135,000 after purchasing an additional 1,862,169 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

Analyst Ratings Changes

INTR has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on Inter & Co. Inc. from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Itau BBA Securities cut Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $11.00 to $10.00 in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Monday, December 29th. Finally, UBS Group restated a “buy” rating and set a $12.00 target price on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.00.

Inter & Co. Inc. Price Performance

Shares of Inter & Co. Inc. stock opened at $9.25 on Friday. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.34 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. The stock’s 50-day simple moving average is $8.78 and its 200-day simple moving average is $8.77. Inter & Co. Inc. has a 52 week low of $4.86 and a 52 week high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last released its earnings results on Wednesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%.The firm had revenue of $404.31 million during the quarter, compared to analysts’ expectations of $441.78 million. As a group, analysts expect 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 will be paid on Thursday, March 5th. Stockholders of record on Sunday, February 22nd will be given a dividend of $0.1131 per share. The ex-dividend date is Friday, February 20th. This is an increase from Inter & Co. Inc.’s previous annual dividend of $0.08. This represents a dividend yield of 122.0%. Inter & Co. Inc.’s dividend payout ratio (DPR) is 14.81%.

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. 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.