Bank of New York Mellon Corp Has $1.05 Million Stock Position in Inter & Co, Inc. (NASDAQ:INTR)

Bank of New York Mellon Corp grew its stake in Inter & Co, Inc. (NASDAQ:INTR) by 15.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 249,851 shares of the company’s stock after purchasing an additional 34,042 shares during the period. Bank of New York Mellon Corp owned approximately 0.06% of Inter & Co, Inc. worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. State Street Corp grew its position in Inter & Co, Inc. by 254.0% in the third quarter. State Street Corp now owns 3,339,841 shares of the company’s stock valued at $22,243,000 after acquiring an additional 2,396,448 shares during the period. Swedbank AB bought a new stake in shares of Inter & Co, Inc. in 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. JPMorgan Chase & Co. bought a new position in Inter & Co, Inc. during the 3rd quarter valued at about $8,311,000. Finally, Citigroup Inc. lifted its holdings in Inter & Co, Inc. by 4,711.6% during the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock valued at $7,068,000 after purchasing an additional 1,039,232 shares during the last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a 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 for the company in a report on Monday, March 17th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, Inter & Co, Inc. has an average rating of “Moderate Buy” and an average target price of $6.78.

Inter & Co, Inc. Price Performance

Shares of INTR stock opened at $5.61 on Tuesday. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84. 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 firm’s 50 day moving average is $5.28 and its 200-day moving average is $5.56. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 14.38 and a beta of 1.31.

Inter & Co, Inc. (NASDAQ:INTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 17th were issued a $0.08 dividend. This represents a yield of 0.5%. The ex-dividend date was Friday, February 14th. Inter & Co, Inc.’s dividend payout ratio is 20.51%.

Inter & Co, Inc. 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.