Asset Management One Co. Ltd. Acquires 5,475 Shares of Inter & Co, Inc. (NASDAQ:INTR)

Asset Management One Co. Ltd. lifted its holdings in shares of Inter & Co, Inc. (NASDAQ:INTR) by 18.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,337 shares of the company’s stock after acquiring an additional 5,475 shares during the period. Asset Management One Co. Ltd.’s holdings in Inter & Co, Inc. were worth $150,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTR. State Street Corp increased its position in shares of Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock worth $22,243,000 after purchasing an additional 2,396,448 shares in the last quarter. WCM Investment Management LLC increased its position in shares of Inter & Co, Inc. by 29.0% during the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company’s stock worth $13,842,000 after purchasing an additional 742,769 shares in the last quarter. Swedbank AB acquired a new stake in shares of Inter & Co, Inc. during the 4th quarter worth about $7,826,000. Geode Capital Management LLC increased its position in shares of Inter & Co, Inc. by 436.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after purchasing an additional 1,361,258 shares in the last quarter. Finally, Fourth Sail Capital LP acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth about $9,313,000. 22.90% of the stock is owned by institutional investors.

Inter & Co, Inc. Trading Down 3.5 %

INTR opened at $5.21 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.26 billion, a PE ratio of 13.36 and a beta of 1.32. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. The firm has a 50-day moving average price of $4.74 and a two-hundred day moving average price of $5.85.

Inter & Co, Inc. (NASDAQ:INTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. As a group, equities analysts anticipate that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 17th will be given a $0.08 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Friday, February 14th. Inter & Co, Inc.’s payout ratio is presently 20.51%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a research report on Friday, January 24th.

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.