Lbp Am Sa Invests $301,000 in Inter & Co, Inc. (NASDAQ:INTR)

Lbp Am Sa acquired a new position in Inter & Co, Inc. (NASDAQ:INTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 71,301 shares of the company’s stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp lifted 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 worth $22,243,000 after purchasing an additional 2,396,448 shares during the period. WCM Investment Management LLC boosted 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 valued at $13,842,000 after acquiring an additional 742,769 shares in the last quarter. Swedbank AB bought a new stake in Inter & Co, Inc. in the fourth quarter valued at about $7,826,000. Geode Capital Management LLC raised its position in Inter & Co, Inc. by 436.9% in the third 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 bought a new position in Inter & Co, Inc. during the third quarter worth about $9,313,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co, Inc. Price Performance

NASDAQ:INTR opened at $5.91 on Monday. The firm has a market cap of $2.57 billion, a PE ratio of 15.15 and a beta of 1.31. The company’s 50-day moving average price is $5.10 and its two-hundred day moving average price is $5.63. The company has a quick ratio of 0.87, a current ratio of 0.85 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 released its quarterly earnings results on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. On average, equities analysts anticipate that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The firm 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 dividend yield of 0.5%. Inter & Co, Inc.’s dividend payout ratio is 20.51%.

Analysts Set New Price Targets

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

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.