Tredje AP fonden Makes New Investment in Inter & Co. Inc. $INTR

Tredje AP fonden acquired a new stake in shares of Inter & Co. Inc. (NASDAQ:INTR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,340,387 shares of the company’s stock, valued at approximately $12,372,000.

Several other large investors have also recently made changes to their positions in INTR. Martin Currie Ltd. purchased a new stake in shares of Inter & Co. Inc. in the second quarter worth about $28,040,000. Sharp Capital Gestora de Recursos Ltda. bought a new stake in Inter & Co. Inc. in the 2nd quarter worth approximately $14,881,000. WCM Investment Management LLC raised its holdings in shares of Inter & Co. Inc. by 21.3% during the 3rd quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock worth $98,135,000 after acquiring an additional 1,862,169 shares in the last quarter. Sei Investments Co. boosted its position in shares of Inter & Co. Inc. by 10,681.6% during the 2nd quarter. Sei Investments Co. now owns 1,683,012 shares of the company’s stock valued at $12,505,000 after acquiring an additional 1,667,402 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Inter & Co. Inc. by 502.0% in the first quarter. Jane Street Group LLC now owns 1,431,616 shares of the company’s stock valued at $7,845,000 after purchasing an additional 1,193,818 shares in the last quarter. 22.90% of the stock is owned by institutional investors.

Inter & Co. Inc. Trading Up 2.3%

Shares of INTR opened at $9.25 on Friday. The company’s fifty day simple moving average is $8.78 and its 200-day simple moving average is $8.77. The company has a market cap of $4.07 billion, a P/E ratio of 17.13, a P/E/G ratio of 0.34 and a beta of 1.16. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.08. Inter & Co. Inc. has a twelve month low of $4.86 and a twelve month high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Inter & Co. Inc. had a net margin of 12.01% and a return on equity of 13.54%. The company had revenue of $404.31 million for the quarter, compared to the consensus estimate of $441.78 million. As a group, analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current year.

Inter & Co. Inc. Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, March 5th. Stockholders of record on Sunday, February 22nd will be paid a dividend of $0.1131 per share. This is a positive change from Inter & Co. Inc.’s previous annual dividend of $0.08. This represents a dividend yield of 122.0%. The ex-dividend date of this dividend is Friday, February 20th. Inter & Co. Inc.’s payout ratio is currently 14.81%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group restated a “buy” rating and issued a $12.00 target price on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. Finally, Itau BBA Securities lowered Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $11.00 to $10.00 in a research report on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.00.

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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.