Inter & Co, Inc. (NASDAQ:INTR) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in Inter & Co, Inc. (NASDAQ:INTR) by 20.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 438,300 shares of the company’s stock after selling 109,600 shares during the quarter. Swiss National Bank owned about 0.10% of Inter & Co, Inc. worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Inter & Co, Inc. by 17.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock worth $68,000 after buying an additional 2,399 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Inter & Co, Inc. by 18.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company’s stock worth $150,000 after acquiring an additional 5,475 shares during the last quarter. US Bancorp DE boosted its position in Inter & Co, Inc. by 6,054.6% during the fourth quarter. US Bancorp DE now owns 5,970 shares of the company’s stock worth $25,000 after acquiring an additional 5,873 shares during the last quarter. Savant Capital LLC purchased a new stake in Inter & Co, Inc. in the 4th quarter worth approximately $42,000. Finally, Atom Investors LP acquired a new position in Inter & Co, Inc. in the 3rd quarter valued at $71,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on INTR. JPMorgan Chase & Co. lowered their price objective on 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. Morgan Stanley lowered 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 research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Inter & Co, Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $6.78.

Inter & Co, Inc. Price Performance

INTR stock opened at $5.65 on Friday. The stock has a 50-day moving average price of $5.37 and a two-hundred day moving average price of $5.54. The company has a market cap of $2.45 billion, a PE ratio of 14.49 and a beta of 1.31. 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 12-month low of $3.88 and a 12-month high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR) last posted its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) 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%. As a group, research analysts predict that Inter & Co, Inc. will post 0.48 EPS for the current year.

Inter & Co, Inc. Announces Dividend

The business 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. The ex-dividend date was Friday, February 14th. This represents a yield of 0.5%. 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.