Royal London Asset Management Ltd. Purchases Shares of 102,400 Inter & Co, Inc. (NASDAQ:INTR)

Royal London Asset Management Ltd. bought a new stake in Inter & Co, Inc. (NASDAQ:INTR) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 102,400 shares of the company’s stock, valued at approximately $432,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 purchasing an additional 5,873 shares in the last quarter. Savant Capital LLC acquired a new position in Inter & Co, Inc. in the 4th quarter valued at $42,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in 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 purchasing an additional 5,500 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Inter & Co, Inc. by 17.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock valued at $68,000 after buying an additional 2,399 shares during the last quarter. Finally, Atom Investors LP purchased a new position in shares of Inter & Co, Inc. in the third quarter worth about $71,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co, Inc. Stock Down 2.9 %

Shares of NASDAQ INTR opened at $5.61 on Tuesday. The company has a market capitalization of $2.44 billion, a P/E ratio of 14.38 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 has a 50 day simple moving average of $5.28 and a 200-day simple moving average of $5.56. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year 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 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%. On average, equities research analysts predict that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Announces Dividend

The business also recently disclosed 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 of this dividend was Friday, February 14th. This represents a yield of 0.5%. Inter & Co, Inc.’s dividend payout ratio (DPR) is currently 20.51%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. reduced their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.78.

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.