Teacher Retirement System of Texas Sells 77,576 Shares of Inter & Co, Inc. (NASDAQ:INTR)

Teacher Retirement System of Texas cut its holdings in Inter & Co, Inc. (NASDAQ:INTR) by 75.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,754 shares of the company’s stock after selling 77,576 shares during the period. Teacher Retirement System of Texas’ holdings in Inter & Co, Inc. were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Royal London Asset Management Ltd. acquired a new stake in Inter & Co, Inc. during the fourth quarter worth approximately $432,000. LBP AM SA acquired a new stake in shares of Inter & Co, Inc. during the 4th quarter worth approximately $301,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Inter & Co, Inc. by 78.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock valued at $52,000 after acquiring an additional 5,500 shares in the last quarter. Amundi lifted its position in shares of Inter & Co, Inc. by 21.2% during the 4th quarter. Amundi now owns 336,511 shares of the company’s stock valued at $1,430,000 after acquiring an additional 58,900 shares during the period. Finally, US Bancorp DE boosted its stake 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 in the last quarter. 22.90% of the stock is owned by institutional investors.

Inter & Co, Inc. Stock Performance

INTR opened at $5.52 on Thursday. Inter & Co, Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $7.84. The firm has a market capitalization of $2.40 billion, a PE ratio of 14.15 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87. The company’s 50-day moving average is $5.41 and its 200 day moving average is $5.50.

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

Inter & Co, Inc. Dividend Announcement

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 dividend of $0.08 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 14th. Inter & Co, Inc.’s dividend payout ratio (DPR) is presently 20.51%.

Wall Street Analysts Forecast Growth

INTR has been the subject of several research analyst reports. Morgan Stanley decreased their price target on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. dropped their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.78.

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.