William Blair Investment Management LLC Purchases 1,816,322 Shares of Inter & Co. Inc. $INTR

William Blair Investment Management LLC grew its position in shares of Inter & Co. Inc. (NASDAQ:INTR) by 108.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,484,335 shares of the company’s stock after acquiring an additional 1,816,322 shares during the quarter. William Blair Investment Management LLC owned about 0.79% of Inter & Co. Inc. worth $32,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of INTR. Martin Currie Ltd. acquired a new stake in Inter & Co. Inc. in the 2nd quarter valued at $28,040,000. Sharp Capital Gestora de Recursos Ltda. bought a new position in shares of Inter & Co. Inc. in the second quarter valued at $14,881,000. WCM Investment Management LLC lifted its stake in shares of Inter & Co. Inc. by 21.3% in the third quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock valued at $98,135,000 after buying an additional 1,862,169 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Inter & Co. Inc. by 10,681.6% during the second quarter. Sei Investments Co. now owns 1,683,012 shares of the company’s stock valued at $12,505,000 after buying an additional 1,667,402 shares during the last quarter. Finally, Tredje AP fonden bought a new stake in shares of Inter & Co. Inc. during the third quarter worth about $12,372,000. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co. Inc. Price Performance

Inter & Co. Inc. stock opened at $8.71 on Monday. The business’s 50 day simple moving average is $8.83 and its 200 day simple moving average is $8.81. Inter & Co. Inc. has a 12 month low of $4.86 and a 12 month high of $10.36. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 0.37 and a beta of 1.18. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.08.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $441.78 million. Sell-side analysts forecast that Inter & Co. Inc. will post 0.48 EPS for the current year.

Inter & Co. Inc. Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, March 5th. Investors of record on Sunday, February 22nd will be paid a dividend of $0.1131 per share. This represents a dividend yield of 122.0%. The ex-dividend date is Friday, February 20th. 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%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on INTR shares. UBS Group reaffirmed a “buy” rating and issued a $12.00 price target on shares of Inter & Co. Inc. in a research report on Thursday, February 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Monday, December 29th. Finally, Itau BBA Securities downgraded Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $11.00 to $10.00 in a report on Wednesday, November 19th. Two equities 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. According to MarketBeat, Inter & Co. Inc. has an average rating of “Hold” and an average target price of $9.00.

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. 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.